Inside the Economy: The Plan for Spending and Excessive Savings

This week on “Inside the Economy”, we examine the future of individual and government spending. Personal income has seen a boost in the last year, thanks to unemployment benefits and government stimulus. President Biden has released details for a $2 trillion dollar infrastructure plan. Where does he plan to spend the most money? Which tech giant has added over half a million jobs in the last year? Tune in to hear about all of this and more!

Key Takeaways:

• GDP numbers continue to slowly increase
• Biden’s Infrastructure plan includes spending $620 billion on transportation, with a large allotment to electric vehicles
• Corporate profits continue to grow
• In the last year, Amazon hired more employees than 136 other top companies combined
• Corporate taxes are relatively low, but most likely will see an increase