The Future of American Growth
The Congressional Budget Office projects that real per capita GDP growth in the US will slow from an annual rate of 2.1% in the 40 years before the recent recession to just 1.6% over the next 40 years. Even so, the average 30-year-old in 2044 will be far better off than the average 30-year-old today.
https://prosyn.org/R3qq7T9
CAMBRIDGE – The near-term outlook for the US economy has improved, owing to the sharp increase in household wealth in 2013, together with the end of the fiscal drag caused by the increase in tax rates in 2012. The United States now has a chance to raise real (inflation-adjusted) per capita GDP faster than the feeble 1.7% average rate recorded during the four years since growth resumed in the summer of 2009.