Mobility Across Generations
The fraction of children who earn more than their parents has decreased over time.
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The fraction of children who earn more than their parents has decreased over time.
Last year, the U.S. deficit of $1.4 trillion or 9.9 percent of gross domestic product, was the largest since the end of World War II.
https://www.pgpf.org/analysis/2009/04/the-us-faces-looming-fiscal-crisis
“Today’s report provides a troubling snapshot of America’s fiscal outlook, which we know will only get worse from here,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2021/03/peterson-statement-on-cbos-long-term-outlook
The latest Financial Times-Peterson Foundation US Economic Monitor, released on August 18, 2020, reveals voter concerns on a range of complex policy challenges surrounding the pandemic, reopening schools and vaccine availability.
Americans must task their newly elected officials with tackling the nation's debt — and hold them accountable for results.
https://www.pgpf.org/analysis/for-a-stronger-economy-deal-with-the-debt
“Less than 100 days from election day, Americans across ages and party lines agree that the national debt should be a priority issue,” said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/07/fci-press-release
Deficits would be even higher under an alternative fiscal scenario.
“At $23 trillion and counting, the national debt is a major concern for the vast majority of Americans across party lines,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/11/fci-press-release
“With the nation still in the grips of a devastating public health and economic crisis, President Biden and the new Congress are right to explore additional relief and recovery legislation, but it’s also critical that we remain mindful of our long-term fiscal outlook, which has gotten far worse as our debt now exceeds the size of our economy,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/01/fci-press-release