The Aging of the U.S. Population
The population of the United States is aging rapidly. Soon we will be a nation of Floridas.
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The population of the United States is aging rapidly. Soon we will be a nation of Floridas.
The percentage of children without health insurance has declined since 1997.
The U.S. has historically devoted a larger share of its economy to defense than other members of the G-7.
“Sadly, we rung in the new year reaching a new record milestone of $34 trillion in national debt,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/12/fci-press-release
Medicare spending is projected to rise rapidly.
https://www.pgpf.org/chart-archive/0276_medicare_spending_long-term
Medicaid provides health insurance to low-income Americans. Children make up nearly half of the program’s enrollment, but most spending is directed towards the elderly and disabled.
https://www.pgpf.org/chart-archive/0093_medicaid_demographics
Compensation and medical care make up about 40 percent of the defense budget.
https://www.pgpf.org/chart-archive/0216_compensation_defense_budget
Medicare's Hospital Insurance trust fund will be depleted in 2026.
General revenue — not the Medicare payroll tax — is now the largest source of Medicare’s financing.