From Study XI, Exhibit 3

$5,000 for every citizen is $1.6 trillion, twice the pandemic checks

Source. OMB, Historical Tables, FY2027 Budget (April 2026), Tables 1.1 and 3.1; Census Bureau (POPTHM, ACS 2020–2024, Table B05001); pandemicoversight.gov (PRAC). Also: OMB, Table 1.1; OMB, Table 3.1; Census, POPTHM, via ALFRED; Census, ACS 2020–2024, B05001; PRAC (Wayback capture). Fiscal year 2025; population January–August 2026.

Method and data

Method. Citizens = 342.739 million residents (Census monthly estimates, POPTHM, January–August 2026 average) × 93.23% citizens (ACS 2020–2024, B05001: 312,247,827 of 334,922,499) = 319.5 million; × $5,000 = $1,597.7 billion, 4.9% of GDP (2026 Q2, annual rate, $32,563.03 billion) and 2 times the three pandemic checks ($814 billion in 476 million payments, PRAC, data as of December 31, 2021). Adult citizens: 245,275,126 (ACS 2024 1-year) × $5,000. The two bases differ: the all-citizen count applies the five-year share to the 2026 population; the adult count is the 2024 one-year level.

ItemUS dollars, billions
$5,000 to every citizen (319.5M)1,597.7
$5,000 to every adult citizen (245.3M)1,226.4
FY2025 deficit1,774.7
Social Security, FY20251,580.7
Medicare, FY2025996.7
Net interest, FY2025970.1
National defense, FY2025916.1
All three pandemic checks, 2020–21814.0
Net customs duties, FY2026 to August167.3

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Higgins Strategy. “$5,000 for every citizen is $1.6 trillion, twice the pandemic checks” Exhibit 3, Five Thousand Dollars Each (Study XI). October 12, 2026. https://higginsstrategy.com/charts/11-01-cost-comparisons/