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The Peter G. Peterson Foundation releases a statement on Chairman Paul Ryan's budget proposal.
Today, Peterson Foundation President & CEO Michael A. Peterson testified before the Senate Budget Committee on ways to reform the federal budget process.
This project examines the role immigrants play in health and caregiving and builds on research that suggests that elderly individuals living in immigrant-dense areas are more likely to both “age in place” and enjoy lower mortality. It explores how immigration policy will affect the caregiving labor force in 2050 and how those labor force effects could affect the health of the elderly population.
https://www.pgpf.org/us-2050/research-projects/Immigration-and-Tomorrows-Elderly
This project assesses how the number of children a person has affects eventual demand for formal caregiving facilities. It suggests that the lower fertility of the Baby Boom generations is likely to lead to greater demand for formal caregiving in coming decades.
While a 10-year window is currently the standard, the number of years covered by budget resolutions has varied.
This project explores two questions: how labor force participation has varied across different geographic contexts in recent decades; and how well-matched the safety net is to need across the urban, suburban and rural landscape. The analyses investigate labor force participation by gender, education and geography; changes in work and poverty by place over time; and gaps and mismatches in safety net provision.
While proposals to raise the retirement age are intended to improve the financial health of the Social Security program, GAO finds that such changes could produce an opposite result, while also having an adverse impact on some of society’s most vulnerable members.
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.
The results of the national survey, commissioned by the Foundation and released today, show that amidst the current economic crisis, there is strong consensus about the fundamental importance of the country's sustained fiscal health, and that Americans place a high priority on tackling the federal government's growing budget deficit and debt.
Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today following the release of the Monthly Treasury Statement, which showed a deficit of $234 billion.