The Two Reasons Long-Term Economic Growth Will Slow
While the Tax Cuts and Jobs Act of 2017 will likely boost economic growth in the near term, the effects of the legislation are temporary.
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While the Tax Cuts and Jobs Act of 2017 will likely boost economic growth in the near term, the effects of the legislation are temporary.
This paper explores the determinants of financial fragility of American middle-income households ($50,000–75,000 annually). It analyzes the socioeconomic characteristics of fragile middle-income households (defined as unable to come up with $2,000 in a month). It focuses on family size, debt levels, degree of financial literacy and the ability of these households to plan for retirement.
By 2050, the US will be very different than it is today. Adults aged 65 and over will outnumber children under the age of 18, and our population will be much more racially and ethnically diverse, the young much more so than the old. With those changing demographics as a backdrop, the US 2050 project examines the socioeconomic developments and fiscal choices we make today that will determine standards of living decades from now.
We are deeply saddened by the loss of our Founder and Chairman, Peter G. Peterson, who worked tirelessly to secure the American Dream for future generations.
"Congress should be taking into account when designing fiscal policy is the need to achieve sustainability of this debt path over time,” Yellen said.
https://www.pgpf.org/blog/2017/07/yellen-congress-should-factor-national-debt-into-policy-decisions
An op-ed by PGPF Founder and Chairman Pete Peterson is featured today in USA Today.
https://www.pgpf.org/blog/pete-peterson-op-ed-on-greek-crisis-in-usa-today
The third presidential debate included a dedicated segment on the national debt, giving both candidates a chance to talk about their vision.
https://www.pgpf.org/blog/2016/10/what-the-candidates-said-about-the-debt
Under the president’s budget, federal debt will remain historically high, roughly double its average over the past 50 years.
https://www.pgpf.org/analysis/presidents-budget-not-enough-to-solve-our-long-term-fiscal-challenges
Through a survey, this project assesses worker sentiments about technological advances, training opportunities and responsibility for preparing workers for a changing economy. It provides results for non-Hispanic white, African American, Latinx and Asian American/Pacific Islander populations.
Michael A. Peterson, President & COO of PGPF, commented today following the appointment of Dr. Keith Hall to serve as Director of the Congressional Budget Office, succeeding Douglas Elmendorf.