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The latest trustees reports make clear that Social Security and Medicare beneficiaries face substantial cuts in the near future unless policymakers take action to make these vital programs solvent.
What will America look like at mid-century? US 2050 will examine and analyze the multiple demographic, socioeconomic, and fiscal trends that will shape the nation in the decades ahead.
"In today’s reports, the Trustees once again warn us that Social Security and Medicare are unsustainable and in danger of becoming insolvent," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
“This committee has an important opportunity to improve the budget process in a way that will help encourage fiscally responsible policymaking," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
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.
This project seeks to understand how mobility has evolved over the course of the 20th Century to predict how it may evolve over the next 30 years. It examines neighborhood factors that affect mobility and investigates whether the historical characteristics of childhood neighborhoods affect adult outcomes. The paper includes results for children by race, gender and levels of parental income.
America’s economic rebound from the coronavirus pandemic seems to have begun, depending on location, according to Phillip Swagel, the director of the nonpartisan Congressional Budget Office.
The coronavirus (COVID-19) pandemic has exposed major U.S. healthcare issues from lack of preparedness to inequities in impact and access, but key lessons can help improve the system going forward, according to two leading experts.
https://www.pgpf.org/what-we-are-doing/events/economic-forum/the-us-healthcare-system
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.
“As troubling as this year’s deficit is, it’s just the beginning of large and growing deficits as far as the eye can see," Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation, said.