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Growth Fact #6 of 10: Investing in the Future
The editors of the 4% Growth Project asked Bush Growth Fellow Ike Brannon to look into 10 things that would happen if the U.S. economy grew at 4% each year in real terms for 10 years. We will unveil one growth fact each week. To read all previous growth facts, click here. Growth Fact #6 of 10: If the economy grew at 4% per year, there would be a 1.2 percentage point increase in the aggregate savings rate, making $300 billion available[i] for investment in plant, equipment, and new technology, and laying the groundwork for future economic growth. This is roughly twice what the U.S. spends each year maintaining and expanding its roads.[ii]