The budget bill currently making its way through Congress would reduce the annually available resources of the lowest 10% of households by income, while increasing those of the top 10%.
Title: Budget Would Hurt The Poor, Help The Rich
Subtitle:
The budget bill currently making its way through Congress would reduce the annually available resources of the lowest 10% of households by income, while increasing those of the top 10%.
Chart Type:
Bar graph with two main categories on the x-axis: “Lowest Decile” and “Highest Decile” (representing the bottom and top 10% of households by income). Each category includes four bars, representing the years 2027, 2029, 2031, and 2033.
Legend (Colors Represent Years):
• Dark blue: 2027
• Medium blue: 2029
• Light blue: 2031
• Very light blue: 2033
Y-Axis (Percentage Change in Resources):
• Ranges from -4% to +4%
• Labeled in 2% increments
Data Details:
• Lowest Decile (bottom 10% of households by income):
• 2027: –2%
• 2029: –4%
• 2031: –4%
• 2033: –4%
• Highest Decile (top 10% of households by income):
• 2027: +4%
• 2029: +3%
• 2031: +1%
• 2033: +2%
Caption Below Graph:
The analysis defined “resources” as cash, plus the cash value of assistance they receive from the government, such as food aid and medical care.
Source: Congressional Budget Office
Publisher Logo: Investopedia (bottom right)