Cuts for you. Spending for me.

Where are your taxes going? While costs continue to rise and funds for public programs are slashed, the U.S. government continues to spend billions.

Total Cuts —

Total New Spending —

Funding cut from

Public programs and services

New and reallocated

Federal spending

What you're seeing Funding stripped from public programs (left) versus new financial commitments made by the U.S. government (right).

Dive deeper Zoom in with mouse wheel. Click on any item for details and sources.

Follow the money Compare the cuts against the spending, and reflect on how the government's financial reality contrasts with the taxpayer's.

State of the economy Click on Trends to see how prices of goods are changing as taxpayers pay more for less.

Context matters When viewing trends, consider the impact of major global disruptions like the recent pandemic and geopolitical conflicts.

Rent

Annual Rent CPI Average

Rent pressure can change demand for housing stability, health, and emergency aid programs.

annual

Latest readings

Updated May 1, 2026

Rent 443.5 2026

What moved the line

Cause and Effect

2024-May 2026
Apartment oversupply and weaker renter demand kept rent growth subdued.
- ↗May Report: Rent Growth Holds Steady at 0.7%https://www.apartments.com/grow/learning-center/rent-growth-update-may-2026
- ↗Monetary Policy Report – February 2025https://www.federalreserve.gov/monetarypolicy/2025-02-mpr-part1.htm
2021-2023
Remote work, new households, low vacancies, and construction shortages drove rents sharply higher.
- ↗The Economic Outlook with a Look at the Housing Markethttps://www.federalreserve.gov/newsevents/speech/waller20221006a.htm
- ↗Despite cooling prices for new leases, overall housing inflation could remain elevated into 2025https://www.minneapolisfed.org/article/2024/despite-cooling-prices-for-new-leases-overall-housing-inflation-could-remain-elevated-into-2025
2020
Pandemic moves away from dense cities and family doubling-up slowed rent growth.
- ↗The Red Hot Housing Market: the Role of Policy and Implications for Housing Affordabilityhttps://www.federalreserve.gov/newsevents/speech/waller20220324a.htm

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