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Jenny Thorvaldson & Chandler West

Recent Posts

The Multi-faceted Economic Impacts Associated with the Increased Use of GLP-1 Medications

Posted by Jenny Thorvaldson & Chandler West on June 4, 2024

A new class of obesity medications known as GLP-1s has taken the U.S. by storm, with 10 million Americans having already taken the medications and 5 million still currently using them. 

GLP-1s work by decreasing appetite and can reduce calorie intake by 20% to 30% daily, according to findings from a Morgan Stanley research survey. Consumers in the survey reported reduced food consumption in many food categories, with the differences being most notable for snacks, confections, carbonated and sugary drinks, and alcohol. 

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Topics: Economics, Impact, healthcare

Understanding the Economic Impact of the Child Tax Credit Bill

Posted by Jenny Thorvaldson & Chandler West on May 9, 2024

The proposed Child Tax Credit bill currently awaiting Senate approval promises to provide much-needed financial support for low-income families. This bill seeks to increase the maximum refundable amount per child, potentially uplifting millions of children and their families. 

This bipartisan legislation would, among other things, increase the maximum refundable amount per child of the Child Tax Credit from $1,600 currently to $1,900 in 2024 and $2,000 in 2025, as well as an inflation adjustment capped at $200.  An estimated 16 million children in families with low incomes would benefit in the first year, with more expected to benefit in the second year. 

A recent analysis conducted by IMPLAN sheds light on the far-reaching economic implications of the Child Tax Credit component of this bill, illustrating how increased household spending can stimulate GDP growth, job creation, and federal tax revenue.

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Topics: Economics, Impact

Surging Demand for Distribution Transformers: A Crucial Economic Analysis

Posted by Jenny Thorvaldson & Chandler West on April 10, 2024

The United States is experiencing a surge in demand for distribution transformers, a critical component of its power infrastructure. This demand spike is not merely a localized issue; it reflects broader economic dynamics and necessitates a deeper understanding of its implications. Let’s delve into the economic intricacies of this phenomenon and its far-reaching impacts.

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Topics: Economics, Impact

A Trusted Resource: Understanding IMPLAN Input-Output Models

Posted by Jenny Thorvaldson & Chandler West on January 23, 2024

Over the years, IMPLAN has gained the trust of users by providing valid and reliable data and analytics. In this blog post, we’re exploring the history of IMPLAN and of input-output models to show you how we’ve come to be relied on as a credible source for so many researchers and decision makers. 

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Topics: Data, Economics, Methodology, Impact


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