Federal payroll tax revenues (primarily for Social Security and Medicare) totaled about $1.2 trillion in 2017. As a share of GDP, they were under 2% in the 1940s and grew to 6% by the mid-1980s; remaining roughly constant since, with the exception of the Great Recession.
October 15, 2018
Virtually all families hold some amount of financial assets, broadly defined. However, the median value of holdings for those with college degrees is 83 times greater than for those with no high school diploma, and 12 times greater than for those with a high school diploma.
October 8, 2018