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The aging of the baby boom generation will boost the number of Americans age 65 and older.
The elderly population is growing rapidly and living longer.
https://www.pgpf.org/chart-archive/0045_elderly-population-trends
The Administration uses rosy economic assumptions.
https://www.pgpf.org/chart-archive/0268_rosy_economic_assumptions
“CBO’s report shows 30 straight years of trillion-dollar deficits that grow and grow, leaving no doubt that we’re on a dangerous and unsustainable fiscal path.” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The third session in the Peter G. Peterson Foundation Economic Forum’s series Restoring Our Economy Post-Pandemic Pandemic analyzed the unprecedented effects that this crisis has had on our economy, against the backdrop of the 2020 election.
“As this crisis continues, lawmakers are taking necessary action to confront the pandemic and help our nation recover. At the same time, voters are very concerned about our nation’s fiscal and economic future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/05/fci-press-release
A pair of top policy experts offer insights into the economy, the effectiveness of relief legislation, and what it all means for the election and beyond.
Since March 15, more than 65 million claims for regular unemployment insurance have been filed due to COVID-19. Find weekly updated statistics here.
“While the most important national priority right now is addressing the significant health and economic impact caused by coronavirus, we all also understand that this crisis has enormous costs and impact on our fiscal position,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/04/fci-press-release