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Figure 2: Federal revenues and outlays as a share of GDP

Figure 3: Components of federal outlays as a share of GDP

Figure 4: Components of federal revenues as a share of GDP

Figure 5: Social Security lifetime benefit-to-tax ratios

Figure 6: Social Security benefit to earnings replacement rates at age 65

The Economic Case for Smart Investing in America’s Youth

The United States spends a relatively small sum on children, both on a per capita basis and as a share of all spending. In 2019, the federal government spent an estimated $5,595 per child on programs benefiting children under 18, compared to $29,189 per elderly American on entitlement programs alone—a gap that remains wide even ...