According to The Kobeissi Letter, social benefits now account for nearly half of the US government's expenditures, reaching 45% of the $7.1 trillion government spending in 2024, which is near an all-time high. This marks a significant increase of approximately 10 percentage points since 2000, indicating a substantial shift in government spending priorities towards social benefits.

According to The Kobeissi Letter, US consumer spending on healthcare and government expenditures accounted for over 50% of GDP growth in Q3 2024, with healthcare services alone contributing 25% and government spending 28%. This significant increase signals a potential shift in economic focus which traders should consider when analyzing market movements and economic policies.

According to @KobeissiLetter, US consumer spending on healthcare services and government expenditures together accounted for more than 50% of the GDP growth in the third quarter of 2024. Specifically, consumer spending on healthcare alone contributed 25% to the GDP growth, while government spending added 28%. This significant allocation towards healthcare and government services highlights key sectors influencing economic expansion, which traders should consider when evaluating market movements.