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In 2018, not only did tuition rates for US higher education hold relatively flat, but US state and local government spending on higher education grew in line with inflation for a total contribution of $99 billion, according to the State Higher Education Executive Officers Association. Government funding for higher education tumbled in the aftermath of the 2007-2008 global financial crisis, but has since rebounded, growing approximately 20 percent in the last 5 years.
Some would argue that while these trends are positive, they are not enough. With an increasing focus on affordable higher education, the question then becomes one of how to protect funding for education and/or identifying additional streams of funding that can help offset tuition fees, for the greater good of the students and the US economy.
The US Economy Data Brief provides a comprehensive and interactive overview of leading US economic and financial indicators, including but not limited to GDP, inflation and prices, economic activity, financial accounts, debt figures, the labor market, and so much more.