Taxing Businesses: Personal Consumption

Taxing Businesses: Personal Consumption

Part 7 of a series about Taxing Businesses

As corporate savings decreased (as a consequence of increasing the number of pass-through businesses), it was not replaced by personal savings but by personal consumption. Since the 1980s, consumption as a percent of GDP, went from around 60% to 68% mostly due to more money spent on services.


Hedge Fund Launches Jump Despite Equity Market Declines

Last year was a bumper year for hedge fund launches. According to a Hedge Fund Research report released towards the end of March, 614 new funds hit the market in 2021. That was the highest number of launches since 2017, when a record 735 new hedge funds were rolled out to investors. What’s interesting about Read More

Data source: Federal Reserve Economic Data

The codes used to download data:

  • DDURRE1A156NBEA   Durable goods
  • DSERRE1A156NBEA    Services
  • DNDGRE1A156NBEA   Nondurable goods,

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