Higher Deficits Under AFS
Deficits would be even higher under an alternative fiscal scenario.
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Deficits would be even higher under an alternative fiscal scenario.
Medical spending increases rapidly with age.
https://www.pgpf.org/chart-archive/0020_medical-spending-by-age
Federal debt would grow rapidly if current policies were continued.
https://www.pgpf.org/chart-archive/0300_debt_current_policies
Solutions Initiative 2019: Projected Federal Debt
https://www.pgpf.org/chart-archive/0279_solutions_initiative_2019
The Peterson Foundation’s 2012 Fiscal Summit features the nation’s leading experts and elected officials in discussions about the fiscal, economic, and political crossroads facing the country.
https://www.pgpf.org/press-release/2012/05/peterson-foundation-to-convene-3rd-annual-fiscal-summit
Populations are aging in many countries.
https://www.pgpf.org/chart-archive/0116_aging_world_population
Low-income seniors rely on Social Security benefits for a major share of their retirement income.
https://www.pgpf.org/chart-archive/0018_social-security-low-income
Retired workers make up 70 percent of Social Security beneficiaries.
https://www.pgpf.org/chart-archive/0243_oasdi-beneficiary-percentages
Based on the Trustees’ projections, combined Social Security benefits could be cut by 20 percent in 2035 without legislative action
https://www.pgpf.org/chart-archive/0246_social-security-20-percent-cut