Trends in Poverty Levels by Age Group
Poverty levels among children remain much higher than poverty levels for those 65 and older.
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Poverty levels among children remain much higher than poverty levels for those 65 and older.
“This seven-year low in our fiscal confidence index is a clear sign that voters are concerned about our nation’s fiscal sustainability, and Congress should keep this in mind as they shape major budget legislation,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/11/fci-press-release
With our economy in recovery, the national debt rising unsustainably, the country still grappling with a devastating pandemic, and lawmakers pursing significant new legislation, America faces many critical questions for its future. To shed light on the best way forward, two top economists participated in a panel discussion as part of the latest edition of the Peterson Foundation Economic Forum.
This is the moment to strengthen the social insurance system and to enact an ambitious federal investment package, while raising tax revenue and cutting back on spending in ways that would largely offset those costs.
The most precious asset the nation has is its people. But we are leaving far too many behind.
If we regard the U.S. government as a firm, this firm is in a sticky situation in which the valuation of its cash flows is below the amount of its outstanding liability.
The projected shortfall of future Social Security revenues is the result of political action, not the absence of policy options for addressing this issue.
Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.
The greatest gift today’s leaders can give to future generations is the fiscal room to solve their own problems.