How Much Does the United States Spend on Prescription Drugs Compared to Other Countries?
The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.
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The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.
The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.
https://www.pgpf.org/blog/2024/03/delaying-fiscal-reform-is-costly-annual-treasury-report-warns
Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years.
On November 10, 2023, Moody’s Investors Service lowered its outlook on the United States’ credit rating from “stable” to “negative.”
In FY23 the federal government officially incurred a budget deficit of $1.7 trillion — about $320 billion higher than last year's amount.
https://www.pgpf.org/blog/2023/12/americas-underlying-deficit-doubled-in-fiscal-year-2023
The U.S. is experiencing an unusual and concerning phenomenon — the annual deficit is high even though the unemployment rate is low.
https://www.pgpf.org/blog/2023/12/why-is-the-federal-deficit-high-if-unemployment-is-low
It’s important for lawmakers to consider the many available policy options for improving that outlook.
https://www.pgpf.org/blog/2018/12/121-ways-we-can-reduce-the-deficit-according-to-cbo
Federal Reserve Chair Jerome Powell, speaking in an interview, said that now is the time to start addressing our $34 trillion and rising national debt.
https://www.pgpf.org/blog/2024/02/fed-chair-powell-its-past-time-to-address-our-national-debt
Tax breaks totaled over $1.8 trillion in 2023. To put that in perspective, that’s more than the government spends on Social Security, defense, or Medicare and Medicaid.
https://www.pgpf.org/blog/2023/12/eight-of-the-largest-tax-breaks-explained
Healthcare spending in the United States is rising, with serious implications for the federal budget.