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October 2022: Susan's Monthly Newsletter

U.S. Deficit Lower for Now

After record federal budget deficits of $3.1 trillion in 2020 and $2.8 trillion in 2021, the 2022 deficit is projected to drop to $1.0 trillion, due to increased tax revenue from a stronger economy and the end of government pandemic-relief spending. These deficits are equivalent to 15.0%, 12.4%, and 4.2% of gross domestic product (GDP), respectively. For comparison, the deficit averaged 3.5% of GDP over the last 50 years.


Also in this issue:

  • Retirement Savings in a Volatile Market
  • Famous People Who Died Without Proper Planning
  • FAFSA Opens on October 1

To download the complete pdf click here.