Resources

What happens to U.S. workers without access to Unemployment Insurance amid economic downturns or disruptions related to AI? (opens in a new tab)

Essays SEP 2, 2026

The adoption of artificial intelligence in the workplace has led to predictions of U.S. labor market disruptions. In response, policymakers have increased attention on the fitness of the nation’s social…

By: Megan Rivera (opens in a new tab)

Defining extreme wealth is more complicated than it looks (opens in a new tab)

Videos AUG 13, 2026

Facing high levels of income and wealth inequality and shrinking tax revenues, U.S. policymakers are showing increased interest in proposals to tax the richest households. Yet determining which households fall into that category is complex and changes based…

By: Equitable Growth (opens in a new tab)

Estimating AI exposure is useful for research but cannot yet tell policymakers the whole story of AI’s impact on the labor market (opens in a new tab)

Essays AUG 7, 2026

Artificial intelligence has the potential to substantially change the nature and availability of work. To effectively manage the transitions this technology might bring to the U.S. economy, policymakers need information…

By: Chiara Chanoi (opens in a new tab)

The debt-to-wealth ratio: A missing lens on the U.S. government’s fiscal capacity (opens in a new tab)

Reports JUL 30, 2026

Few statistics shape the fiscal debate in the United States as powerfully as the ratio of federal debt-to-Gross Domestic Product. Debt held by the public recently surpassed 100 percent of…

By: Austin Clemens (opens in a new tab), David S. Mitchell (opens in a new tab)

Whether data from the Fed or from WID.world are used, U.S. debt-to-wealth measures show similar trends (opens in a new tab)

Visualizations JUL 22, 2026

The United States sits in the middle of the pack on debt relative to wealth (opens in a new tab)

Visualizations JUL 22, 2026

Explosion in post-1980 inequality largely explains low debt-to-top U.S. wealth ratios (opens in a new tab)

Visualizations JUL 22, 2026

Measured against the wealth of the very top, U.S. debt is historically modest (opens in a new tab)

Visualizations JUL 22, 2026

Private wealth has grown far faster than the overall U.S. economy in recent decades (opens in a new tab)

Visualizations JUL 22, 2026

U.S. debt looks alarming against GDP but far less so against wealth (opens in a new tab)

Visualizations JUL 22, 2026

The costs of the Trump administration’s tariffs diverge for countries and industries so far in 2026 (opens in a new tab)

Essays JUL 14, 2026

The first 4 months of 2026 saw continued seismic changes in U.S. trade policy. In late February, the U.S. Supreme Court struck down the Trump administration’s use of the International…

By: Christopher Bangert-Drowns (opens in a new tab)

Certain U.S. manufacturing subsectors have experienced more tariff relief since the Supreme Court IEEPA ruling (opens in a new tab)

Visualizations JUL 13, 2026

The U.S. Supreme Court IEEPA ruling reduced tariffs unevenly across key U.S. economic sectors (opens in a new tab)

Visualizations JUL 13, 2026

U.S. trade with China has largely been supplanted by trade with other countries suspected of transshipment (opens in a new tab)

Visualizations JUL 13, 2026

U.S. imports are up and tariff rates are down since the U.S. Supreme Court IEEPA ruling (opens in a new tab)

Visualizations JUL 13, 2026

Personal Income in the United States nudges up in May but is down 0.76 percent in the past 6 months (opens in a new tab)

Essays JUN 25, 2026

According to today’s release of Personal Income estimates from the U.S. Bureau of Economic Analysis, U.S. household incomes have fallen 0.76 percent in the past 6 months, with month-to-month declines…

By: Austin Clemens (opens in a new tab)

Transfer income has fallen faster than other components of U.S. income over the past 3 months (opens in a new tab)

Visualizations JUN 25, 2026

Income declines over the past 3 months and the past 6 months are higher for low-income U.S. households (opens in a new tab)

Visualizations JUN 25, 2026

Personal Income is now declining year-over-year, a possible warning sign for the economy (opens in a new tab)

Visualizations JUN 25, 2026

U.S. income data for 2024 shows the top 10 percent accrued the highest share of income since 2000 (opens in a new tab)

Essays JUN 25, 2026

Today, Equitable Growth updated the U.S. Inequality Tracker through 2024 following the release of new data last week by the U.S. Bureau of Economic Analysis. The data show that the…

By: Austin Clemens (opens in a new tab)

U.S. income shares changed little due to the pandemic, with top decile and bottom half households making gains (opens in a new tab)

Visualizations JUN 24, 2026

In a reversal of 21st century trends, wages grew faster for lower-income U.S. households in the pandemic era (opens in a new tab)

Visualizations JUN 24, 2026

Factsheet: Defining top U.S. income and wealth thresholds for tax policy (opens in a new tab)

Factsheets MAY 27, 2026

Federal and state policymakers in the United States, responding to high levels of income and wealth inequality and shrinking tax revenues, are increasingly interested in proposals to tax households with…

By: Austin Clemens (opens in a new tab)

Defining top wealth and income thresholds for U.S. tax policy design and analysis (opens in a new tab)

Reports MAY 27, 2026

Wealth and income inequality are an ongoing area of interest for policymakers. In particular, the rise of the richest of the rich—not just the top 1 percent, but also the…

By: Austin Clemens (opens in a new tab)

Realized capital gains are highly volatile, leading to large swings in the top 0.1% U.S. income thresholds (opens in a new tab)

Visualizations MAY 26, 2026

What is the relationship between inflation, interest rates, and economic growth, and what does it mean for the new Federal Reserve chair? (opens in a new tab)

Issue Briefs MAY 18, 2026

Since regaining the Oval Office in early 2025, President Donald Trump has repeatedly called for lower interest rates and severely criticized former Federal Reserve Board Chair Jerome Powell’s cautious approach…

By: Jacob Robbins (opens in a new tab)

Tariff policies in 2025 increased input costs for key U.S. industries, threatening growth and investment (opens in a new tab)

Essays MAR 24, 2026

All tariffs are not created equal. Throughout U.S. history, policymakers have imposed import taxes for a variety of economic and ideological reasons, with varying impacts. Targeted tariffs have been effective…

By: Christopher Bangert-Drowns (opens in a new tab)

Midwest and Southern workers are more concentrated in tariff-exposed industries (opens in a new tab)

Visualizations MAR 17, 2026

Industries within the U.S. machinery manufacturing subsector faced different tariff costs in 2025 (opens in a new tab)

Visualizations MAR 17, 2026

Industries within the U.S. metals manufacturing subsector faced different tariff costs in 2025 (opens in a new tab)

Visualizations MAR 17, 2026

Certain subsectors of the U.S. economy were more exposed to tariff costs than others in 2025 (opens in a new tab)

Visualizations MAR 17, 2026

Construction faced the highest tariff rate of any U.S. sector in 2025 (opens in a new tab)

Visualizations MAR 17, 2026

New research examines the historical macroeconomic effects of tariffs and sheds light on current U.S. trade policies (opens in a new tab)

Essays MAR 4, 2026

U.S. policymakers have enacted tariffs for a variety of reasons over the course of the country’s history. Motivated by economic pressures to raise federal revenues or address balance-of-payment issues, or…

By: Christopher Bangert-Drowns (opens in a new tab)

The Macroeconomic Effects of Tariffs: Evidence From U.S. Historical Data (opens in a new tab)

Working Papers MAR 4, 2026

We study the macroeconomic effects of tariff policy using U.S. historical data from 1840–2024. We construct a narrative series of plausibly exogenous tariff changes–based on major legislative actions, multilateral negotiations,…

By: Tamar den Besten (opens in a new tab), Diego Känzig (opens in a new tab)

The state of the U.S. economy one year into the second Trump administration (opens in a new tab)

Essays FEB 23, 2026

President Donald Trump will soon give his annual State of the Union speech before Congress, one year into his second term in the White House. Ahead of his remarks, now…

By: Michael Linden (opens in a new tab)

Analyzing recent U.S. economic policies using Equitable Growth’s Inequality Tracker (opens in a new tab)

Essays JAN 22, 2026

The Washington Center for Equitable Growth’s Inequality Tracker is a data visualization tool designed to help policymakers and economic analysts examine and analyze U.S. income and wealth inequality in the…

By: Austin Clemens (opens in a new tab)

ASSA 2026 Round-up: Day 3 (opens in a new tab)

Blog JAN 6, 2026

Yesterday was the third and final day of the 2026 annual meeting of the Allied Social Science Associations, which is organized by the American Economic Association. The 3-day conference, held…

By: Equitable Growth (opens in a new tab)

ASSA 2026 Round-up: Day 2 (opens in a new tab)

Blog JAN 5, 2026

Yesterday was the second day of the 2026 annual meeting of the Allied Social Science Associations, which is organized by the American Economic Association. The 3-day conference, held in Philadelphia…

By: Equitable Growth (opens in a new tab)

What impact is artificial intelligence having on the U.S. labor market and the nation’s economy? (opens in a new tab)

Essays NOV 14, 2025

As new and groundbreaking technologies emerge, they can function as a blank canvas onto which people project both aspirations and anxieties. Artificial intelligence—despite its quick uptake in broader society and…

By: Megan Rivera (opens in a new tab)

Distributional weighting in benefit-cost analysis is practical and effective at assessing government rulemaking without bias against low-income individuals (opens in a new tab)

Reports NOV 13, 2025

Distributional weighting in benefit-cost analysis is a tool for overcoming bias against lower-income individuals in economists’ measurements of the net benefit of government policies that affect populations at different levels…

By: Daniel Acland (opens in a new tab)

Population weights reveal that the distribution of cost and benefits of policies are skewed differently (opens in a new tab)

Visualizations NOV 13, 2025

Risks escalate for U.S. retirement plans due to unregulated private credit funds and new rules opening them up to retirement savings accounts (opens in a new tab)

Essays OCT 29, 2025

When the privately owned auto parts manufacturer First Brands Group earlier this month began to be unable to service its $6.1 billion debt load, the financial press began to pick…

By: Lenore Palladino (opens in a new tab)

The Federal Reserve must maintain its independence for the U.S. economy to thrive (opens in a new tab)

Essays AUG 28, 2025

President Donald Trump is attempting to fire Federal Reserve Board Governor Lisa Cook, the first Black woman to serve in that role. He probably lacks the legal authority to do…

By: Alan Blinder (opens in a new tab)

What is austerity, and how does it affect the broader U.S. economy? (opens in a new tab)

Reports AUG 12, 2025

With the passage into law of the Republican budget reconciliation bill last month and the recent work of the Department of Government Efficiency under Elon Musk, austerity is once again…

By: Ernie Tedeschi (opens in a new tab), Kevin Rinz (opens in a new tab)

Cutting government transfer programs has broad effects on the U.S. economy (opens in a new tab)

Visualizations AUG 12, 2025

Cutting government transfer programs has broad effects on the U.S. economy (opens in a new tab)

Visualizations AUG 12, 2025

The economic effects of austerity policies under a nonreactive Federal Reserve – Final (opens in a new tab)

Visualizations AUG 12, 2025

The economic effects of austerity policies under a reactive Federal Reserve (opens in a new tab)

Visualizations AUG 12, 2025

Recessions coincide with periods of higher policy uncertainty – updated (opens in a new tab)

Visualizations AUG 7, 2025

States dependent on federal grants tend to be poorer or more rural (opens in a new tab)

Visualizations AUG 7, 2025

Why Financial Crises Recur (opens in a new tab)

Working Papers AUG 5, 2025

Financial crises have occurred around the world for over two centuries. These crises have been so costly and frequent that one wonders why governments cannot prevent them from recurring despite…

By: Gary B. Gorton (opens in a new tab), Jeffery Y. Zhang (opens in a new tab)

Tariffs impact U.S. industries differently, with manufacturing the most exposed (opens in a new tab)

Issue Briefs JUL 29, 2025

Estimates in this brief were generated July 21, before the announcement of trade deals with Japan and the European Union. All data and code used in the Equitable Growth tariff…

By: Christopher Bangert-Drowns (opens in a new tab)

Workers in many midwestern U.S. states are more exposed to tariffs (opens in a new tab)

Visualizations JUL 28, 2025

U.S. manufacturing industries are particularly exposed to tariff costs (opens in a new tab)

Visualizations JUL 28, 2025

U.S. employment is dropping in industries with high tariff exposure (opens in a new tab)

Visualizations JUL 28, 2025

Manufacturing and other key U.S. sectors are particularly exposed to tariffs on inputs (opens in a new tab)

Visualizations JUL 28, 2025

U.S. manufacturing is particularly vulnerable to tariff costs (opens in a new tab)

Visualizations JUL 28, 2025

Accounting for capital gains in income significantly increases U.S. inequality (opens in a new tab)

Blog JUL 15, 2025

The Washington Center for Equitable Growth’s recently launched U.S. Inequality Tracker uses data from the U.S. Bureau of Economic Analysis to show how income and wealth inequality have evolved in…

By: Austin Clemens (opens in a new tab)

With capital gains, the share of income earned by the wealthiest households went up 5 percentage points since 2002 (opens in a new tab)

Visualizations JUL 14, 2025

Pure capital gains are highly volatile and can turn negative in recessions (opens in a new tab)

Visualizations JUL 14, 2025

Republican reconciliation bill’s cuts to social programs will damage some congressional districts’ local economies (opens in a new tab)

Essays JUL 11, 2025

In a recent working paper, Equitable Growth grantee Robert Manduca of the University of Michigan, Ann Arbor demonstrates that government transfers make sizable contributions to local economies in much of…

By: Chiara Chanoi (opens in a new tab)

In some U.S. congressional districts, cuts from the reconciliation bill are bigger than multiple local industries combined (opens in a new tab)

Visualizations JUL 10, 2025

Slow wage growth is the key to understanding U.S. inequality in the 21st century (opens in a new tab)

Issue Briefs JUL 8, 2025

The Washington Center for Equitable Growth today launched the U.S. Inequality Tracker, which tracks income and wealth inequality in the United States and highlights how particular components of income and…

By: Austin Clemens (opens in a new tab)

Equitable Growth responds to passage of the federal budget bill (opens in a new tab)

Blog JUL 7, 2025

On Friday, President Donald Trump signed the 2025 federal budget bill, cementing into law the most regressive piece of tax and budget legislation to be passed in the United States…

By: Equitable Growth (opens in a new tab)

Americans informed about the distributional effects of Republicans’ tax and budget bill overwhelmingly oppose it (opens in a new tab)

Essays JUL 3, 2025

Republicans in the U.S. Senate recently passed a version of the One Big Beautiful Bill Act, championed by President Donald Trump. The House of Representatives passed an earlier version of…

By: Jacob Hacker (opens in a new tab), Patrick Sullivan (opens in a new tab)

The One Big Beautiful Bill Act disproportionately harms lower-income Americans (opens in a new tab)

Visualizations JUL 3, 2025

Optimal Monetary Policy Under Menu Costs (opens in a new tab)

Working Papers JUL 1, 2025

We analytically characterize optimal monetary policy in a multisector economy with menu costs and contrast it with the textbook New Keynesian model based on Calvo pricing. Following a sectoral productivity…

By: Daniele Caratelli (opens in a new tab), Basil Halperin (opens in a new tab)

Wages have grown much slower in the 21st century than in previous eras of the U.S. economy (opens in a new tab)

Visualizations JUN 25, 2025

Wages have grown relatively similarly across income deciles, while business and asset income is strongly skewed to the wealthiest households (opens in a new tab)

Visualizations JUN 25, 2025

Wages are the slowest-growing component of U.S. income for households across the income distribution (opens in a new tab)

Visualizations JUN 25, 2025

Wages and government transfers are the primary source of income for most U.S. households (opens in a new tab)

Visualizations JUN 25, 2025

The upper-middle class has lost income share, while low-income and extremely wealthy households have grown their share of income (opens in a new tab)

Visualizations JUN 25, 2025

U.S. inequality has decreased slightly since 2000, with the upper-middle class seeing the weakest gains (opens in a new tab)

Visualizations JUN 25, 2025

U.S. income inequality dropped sharply during the COVID-19 pandemic before returning to pre-pandemic levels by 2023 (opens in a new tab)

Visualizations JUN 25, 2025

Americans Informed About the Distributional Effects of Republicans’ Budget Bill Overwhelmingly Oppose It (opens in a new tab)

Working Papers JUN 25, 2025

Republicans in the Senate are currently considering the One Big Beautiful Bill Act, which, if enacted, would be the most regressive U.S. tax and budget law in at least the…

By: Jacob S. Hacker, Patrick Sullivan (opens in a new tab)

Congressional Republicans’ budget bill is the most regressive in at least 40 years (opens in a new tab)

Essays JUN 25, 2025

The U.S. Congress is in the midst of debating a budget bill that would make massive changes to U.S. tax and spending policy over the course of the next decade…

By: Jacob Hacker (opens in a new tab), Patrick Sullivan (opens in a new tab)

Millions of Americans, including children, will lose nutrition assistance due to proposed SNAP cuts – updated (opens in a new tab)

Visualizations JUN 24, 2025

Medicaid and SNAP cuts in congressional Republicans’ budget bill will negatively impact local economies (opens in a new tab)

Essays JUN 24, 2025

The budget reconciliation bill recently passed by the U.S. House of Representatives proposes to make large cuts to Medicaid, the Supplemental Nutrition Assistance Program, and other social programs to pay…

By: Robert Manduca (opens in a new tab)

Reducing IRS funding by half could cost the same amount of the Republican budget bill in noncompliance increases (opens in a new tab)

Visualizations JUN 23, 2025

No tax on tips or overtime provisions cost less than the more regressive proposals in the Republican tax bill (opens in a new tab)

Visualizations JUN 23, 2025

Americans have heard more about the no tax on tips and overtime provisions of the Republican bill than its more regressive provisions (opens in a new tab)

Visualizations JUN 23, 2025

Many of the wealthiest U.S. individuals do not pay any estate taxes (opens in a new tab)

Visualizations JUN 23, 2025

16 million Americans will lose health care coverage if the House-passed One Big Beautiful Bill Act becomes law (opens in a new tab)

Visualizations JUN 23, 2025

Testimony by Michael Linden on “The Big Beautiful Betrayal—Working Folks Pay While The Mega Rich Profit” (opens in a new tab)

Essays JUN 17, 2025

Senator Kaine, Senator Murphy, and members of the Forum, thank you for the opportunity to be here today. I’m going to make three key points. First, the Republican budget bill…

By: Michael Linden (opens in a new tab)