How much money has the US given Ukraine over the war?
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The United States has appropriated approximately $115 billion in emergency funding to support Ukraine in various ways since late February 2022. This money came from four bills spread across two fiscal years. USAFacts traced the appropriations thus far for context on American commitments to Ukraine and European partners.
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• The Ukraine Supplemental Appropriations Act, signed in March 2022, provided $13.6 billion in aid. An additional act from May 2022 added $41.6 billion. Two more acts, signed in September and December as part of the 2023 fiscal budget, provided $12.3 billion and $47.4 billion, respectively.
• Most of the aid in these bills hasn’t been spent yet. The money can take years to distribute, and the departments receiving emergency funding have discretion over how to allocate it. The US expects to provide emergency funding for Ukraine and neighboring countries until 2032.
• Of all the funds granted thus far, more than $10 billion is specifically for development and humanitarian support. This includes funds for civil servants such as educators, healthcare workers, and first responders.
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- The US has sent Ukraine more than $30 billion in military assistance since February 24, 2022. These include presidential drawdowns, which are orders for the Defense Department to immediately deliver defensive equipment and services to foreign countries (President Joe Biden has signed 31 of these so far). It also includes a Defense Department-led program to increase Ukraine’s defenses with military training, equipment, and intelligence support.
- President Biden also signed the Ukraine Democracy Defense Lend-Lease Act last May, authorizing the military to provide Ukraine and Eastern European countries with equipment. This is similar to the World War II Lend-Lease Act between the US and Allied nations, which suspended payments on military equipment during the war.
Learn more about Ukraine aid allocation.
Which generation has the most wealth?
Four generations of Americans own property, are saving (or have saved) for retirement, and are paying off mortgages, debt or other liabilities. How does generational wealth stack up? Here’s an overview of the Silent Generation through millennials.
- People born between 1946 and 1964 (or baby boomers) have the highest per-household net worth of any current US generation: $1.29 million. Millennials — people born after 1980 — have the lowest: $221,209. (What about Gen Z, you might ask? The Federal Reserve does not have data on this generation yet.)
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- Many baby boomers have not yet retired or been retired for very long; therefore, this generation has the most retirement savings ($368,337 per baby boomer household). It also has slightly more in stocks and real estate than the Silent Generation.
- Millennials have little wealth in stocks and mutual funds, averaging around $18,000 per household. Many do not own real estate, an asset traditionally used to build wealth.
- Generation X has fewer assets than baby boomers and the Silent Generation — and has the highest average liabilities. Home mortgages are the biggest component of these liabilities (an average of $146,000 in unpaid mortgages), indicating that many may have recently become homeowners and have a decade or longer before paying off their homes.
See more generational metrics of assets and liabilities right here.
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Data behind the news
The US Supreme Court recently heard arguments in a legal challenge that six states filed against President Biden’s student loan forgiveness plan. The Court’s decision is expected in June. In the meantime, here’s background on the plan.
The federal government made emergency allotments for food assistance programs during the pandemic. These emergency allotments ended on March 1. For context, here’s how the government uses these programs to combat food insecurity.
Time for a quick mental workout: the weekly fact quiz is here.
One last fact
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On average, gas prices were up last week on the West Coast and down in every other region nationwide. See more gas charts on USAFacts’ Instagram.
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