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financial_docs/economy.md
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financial_docs/economy.md
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# Approximate Key Economic Indicators by U.S. Administration (1969-2024)
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## Nixon-Ford (1969-1977)
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- Real GDP Growth: ~2.8%
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- Unemployment: ~3.5% to ~7.5%
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- Inflation: ~6.8%
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- Real Median Household Income: Slight decline
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- Federal Deficit: ~2% of GDP
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- S&P 500: Relatively flat
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## Carter (1977-1981)
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- Real GDP Growth: ~3.2%
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- Unemployment: ~7.5% to ~7.5%
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- Inflation: ~10%
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- Real Median Household Income: Decline
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- Federal Deficit: ~2.5% of GDP
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- S&P 500: Modest increase
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## Reagan (1981-1989)
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- Real GDP Growth: ~3.5%
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- Unemployment: ~7.5% to ~5.4%
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- Inflation: ~4.5%
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- Real Median Household Income: Slight increase
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- Federal Deficit: ~4% of GDP
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- S&P 500: Strong increase
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## Bush Sr. (1989-1993)
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- Real GDP Growth: ~2.3%
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- Unemployment: ~5.4% to ~7.3%
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- Inflation: ~4%
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- Real Median Household Income: Slight decline
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- Federal Deficit: ~4% of GDP
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- S&P 500: Moderate increase
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## Clinton (1993-2001)
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- Real GDP Growth: ~3.9%
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- Unemployment: ~7.3% to ~4.2%
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- Inflation: ~2.6%
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- Real Median Household Income: Significant increase
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- Federal Budget: Surplus by end of term
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- S&P 500: Strong increase
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## Bush W. (2001-2009)
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- Real GDP Growth: ~2.1%
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- Unemployment: ~4.2% to ~7.8%
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- Inflation: ~2.8%
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- Real Median Household Income: Slight decline
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- Federal Deficit: ~2% to ~9% of GDP (sharp increase at end)
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- S&P 500: Overall decline
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## Obama (2009-2017)
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- Real GDP Growth: ~1.6%
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- Unemployment: ~7.8% to ~4.7%
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- Inflation: ~1.4%
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- Real Median Household Income: Increase
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- Federal Deficit: ~9% to ~3% of GDP
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- S&P 500: Strong increase
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## Trump (2017-2021)
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- Real GDP Growth: ~1.0% (including pandemic impact)
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- Unemployment: ~4.7% to ~6.3% (peaked higher during pandemic)
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- Inflation: ~2.1%
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- Real Median Household Income: Increase, then sharp pandemic decline
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- Federal Deficit: ~4.5% to ~15% of GDP
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- S&P 500: Increase
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## Biden (2021-2024*)
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- Real GDP Growth: ~2.5%
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- Unemployment: ~6.3% to ~3.7%
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- Inflation: ~4.5% (higher in 2021-2022, moderating)
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- Real Median Household Income: Increase
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- Federal Deficit: ~12% to ~6% of GDP
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- S&P 500: Volatile, overall increase
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*Note: Biden's term is ongoing; data is approximate and doesn't reflect full term.
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These figures are approximations based on general economic trends and should be verified with official sources for precise data.
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