Trends in Poverty Levels by Age Group
Poverty levels among children remain much higher than poverty levels for those 65 and older.
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Poverty levels among children remain much higher than poverty levels for those 65 and older.
Defense spending accounts for nearly half of total discretionary spending.
https://www.pgpf.org/chart-archive/0070_discretionary_spending_categories
Financing the debt will become more burdensome now that interest rates have returned to their pre-pandemic levels.
Income growth since 1979 is larger for high-income earners, even when including transfers and taxes.
https://www.pgpf.org/chart-archive/0059_income-growth-disparity
Between 1979 and 2016, income increased more quickly for high-income earners.
https://www.pgpf.org/chart-archive/0060_income-disparity-before-transfers-taxes
The population of the United States is aging rapidly. Soon we will be a nation of Floridas.
The general consensus among economists is that the long-term effects of the TCJA will be higher debt and little change to underlying economic growth.
Inflation and interest rates will have important impacts on the long-term federal budget outlook.
“These new Trustee reports make clear that when it comes to the future of Social Security and Medicare, doing nothing is simply not an option," said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/03/peterson-foundation-statement-on-trustees-reports