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[USAFacts]([link removed])

What=E2=80=99s in Trump=E2=80=99s 2026 budget proposal?=C2=A0

The One Big Beautiful Bill Act was a large piece of legislation that made s=
everal budgetary changes. Some of its provisions are permanent; other provi=
sions won=E2=80=99t go into effect until later next year. Meanwhile, the Tr=
ump administration has released [its proposed budget]([link removed]
articles/whats-in-trumps-2026-proposed-budget/) for discretionary spending =
in fiscal year 2026, which begins on October 1. Here=E2=80=99s a look at th=
e proposed changes.

[Difference between 2025 enacted budget and 2026 requested budget]([link removed]
usafacts.org/articles/whats-in-trumps-2026-proposed-budget/)

- The proposed 2026 budget would keep base discretionary spending at the sa=
me level as 2025, but shifts billions out of some departments and into othe=
rs. It would move $113.3 billion to the DOD, meaning the department would h=
ave 59.6% of all base discretionary spending. =C2=A0
=C2=A0
- The Department of Homeland Security budget would have the largest percent=
age increase (64.9%) to support immigration enforcement and other administr=
ation policies. Funding for FEMA, TSA, and cybersecurity, among other progr=
ams, would be reduced.=E2=80=AF=C2=A0

- The State Department and international aid programs would be cut by 83.7%=
, including reductions in international disaster assistance and global heal=
th efforts.=C2=A0

- The administration also proposes a 43.6% decrease in program funding for =
the Department of Housing and Urban Development, reducing it from $77.0 bil=
lion to $43.5 billion. This includes a $26.7 billion cut in federal rental =
assistance programs.
=C2=A0
- The Education Department=E2=80=99s discretionary budget would drop 15.3%,=
from $78.7 billion to $66.7 billion. (You can read USAFacts Founder Steve =
Ballmer=E2=80=99s open letter to Education Secretary Linda McMahon on [Link=
edIn]([link removed]
-activity-7317561776630312960-OlZv/).)=C2=A0

[See the data]([link removed]
budget/)

Americans aren=E2=80=99t saving like they used to

Americans saved an average of 4.6% of their disposable income in 2024. The =
[US personal saving rate]([link removed]
-saving-as-much-as-they-used-to/) is a measure of people=E2=80=99s financia=
l health and is one indicator of consumer behavior and economic growth. Ris=
ing personal savings can mean people are spending less, which can lead to s=
lower economic growth. Consumer spending accounts for 70% of the US economy=
. =C2=A0

Congress is considering legislation to create a Universal Savings Account, =
an investment vehicle exempt from taxes and withdrawal penalties. The idea =
is to encourage more Americans to save because they aren=E2=80=99t saving a=
s much as they used to. =C2=A0

- The personal saving rate in the 1960s and 1970s averaged 11.7%, peaking a=
t 17.3% in May 1975. It=E2=80=99s gradually declined since then, reaching a=
n all-time low of 1.4% in July 2005.=C2=A0

[Average personal saving rate]([link removed]
icans-saving-as-much-as-they-used-to/)

- Personal savings peaked at 32% in April 2020. There are a few reasons for=
this, including households proactively saving during economic uncertainty.=
Business closures reduced opportunities for spending, contributing to high=
er savings.

- Inflation is another reason for lower savings: food and fuel costs may ri=
se while wages don=E2=80=99t increase at the same rate. This goes for housi=
ng, too. Over one-third of all households were [cost-burdened]([link removed]
acts.org/answers/how-many-households-in-the-united-states-spend-too-much-on=
-housing/country/united-states/) in 2023, spending more than 30% of their i=
ncome on mortgage or rent.=C2=A0

- Americans may also be saving in different ways. The share of American ass=
ets held in stocks rose from 15.2% to 20% from 2019 to 2022.=C2=A0

[See the data]([link removed]
much-as-they-used-to/)

Data behind the news

The Trump administration has resumed sending some weapons to Ukraine. Remem=
ber last week when we said more data on government assistance to foreign co=
untries was coming soon? [It=E2=80=99s here!]([link removed]
how-much-foreign-aid-does-the-us-provide/countries/ukraine/) Dive into aid =
sent to Ukraine and 175 other countries. =C2=A0

As of July 8, the US has counted 1,288 cases of measles. This is the highes=
t yearly case count since the nation declared measles eliminated in 2000. W=
e have [a new page tracking]([link removed]
cases-are-there-in-the-us/country/united-states/) these cases across states=
. =C2=A0
=C2=A0
Thousands of Philadelphia city workers had [been on strike]([link removed]
s.org/articles/how-many-labor-strikes-every-year/) for over a week, resulti=
ng in residential trash piling up. They reached a deal with the city last W=
ednesday. =C2=A0

President Trump approved a major disaster declaration for Texas on July 6, =
making [FEMA funding]([link removed]
rnment-do/subagency/federal-emergency-management-agency/) available to peop=
le affected by the=C2=A0devastating floods. =C2=A0

Can you ace our [weekly fact quiz]([link removed])?=
=C2=A0

One last fact

[How much does the federal government spend on SNAP?]([link removed]
answers/how-much-does-the-federal-government-spend-on-snap-every-year/count=
ry/united-states/)

In 2024, the federal government [spent $100.3 billion]([link removed]
/answers/how-much-does-the-federal-government-spend-on-snap-every-year/coun=
try/united-states/) on the Supplemental Nutrition Assistance Program (SNAP)=
=E2=80=94 about 1.5% of total federal spending. The average monthly benefi=
t in 2024 was $188 per person, down from the 2021 peak of $253.=C2=A0

=E2=80=8A

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