Consumer Group 7

By ConsumerGroup7

  • Federal Deficit

    Federal Deficit
    The federal deficit was going down in the early 2000’s but spiked from 2009-2012. Ever since then, the deficit has slowly started to decline. Although they started to decline, it is predicted that it will rise back up from 2016-2020. This is fiscal policy.

  • Savings Deficit

    Savings Deficit
    Adults under 35 currently have a -2% savings rate. That compares with a positive savings rate of about 3% for those age 35 to 44, 6% for those 45 to 54, and 13% for those 55 and older. Our age was doing well from 2009-2013, but then we dipped into negative. This is a monetary policy.

  • Trade Deficit

    Trade Deficit
    U.S. goods and services trade deficit fell from $695.9 billion in 2008 to $380.7 billion in 2009, a decline of $315.3 billion (45.3%). This is mostly due to the recession and financial crisis during that time. Over 50% of this decline was due to less net imports of oil. This is a result of monetary and fiscal policy.

  • Leadership Deficit

    Leadership Deficit
    In September of 2011, President Barack Obama, German Chancellor Angela Merkel, and French President Nicolas Sarkozy all announced the ever-increasing, worldwide debt crises. Obama assured the public that the US would always have a triple-A credit rating, and Merkel and Sarkozy explained that a new economic system would help this crises. This is fiscal policy

  • Budget Deficit

    Budget Deficit
    In November of 2012, the Treasury Department announced that the federal budget for that year, of about $1.1 trillion, was $207 million less than the previous year of 2011. Also, the GDP of that year went from an 8.7% in 2011 to a 7.0% in 2012. This was the fourth consecutive year where the federal budget was above $1 trillion but it marks a steady and much-needed decline in government spending, which is tresult of monetary and fiscal policies.

  • Trade Deficit

    Trade Deficit
    In February of 2015, the U.S. trade deficit of 2014 increased from $476.4 billion to $505.0 billion. This is an increase of $28.6 billion, which is about a 6% rise. This is a relative small increase, compared to the surplus of goods and services of that year, and this is considered to be the result of monetary and fiscal policies.