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From 2017 to 2020, the national average home insurance premium in the United States rose by 11.4% while inflation rose by only 7.9% after extreme weather events and secondary catastrophes (which include wildfires, thunderstorms, droughts, flash floods, and landslides) caused $370 billion in inflation-adjusted claims, [75] and the increasing ...
Terminology. v. t. e. The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs.
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Federal spending per capita (that is, per person in the U.S.) was approximately $11,551 during 2011, versus $6,338 in 2000. Adjusted for inflation, these amounts were $5,133 in 2011 and $3,496 in 2000. Adjusted for inflation, federal spending per person remained around $3,500 throughout the 1990s.
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