The economic turbulence in the United Kingdom demonstrates that fiscal responsibility is increasingly important in an era of high inflation and rising interest rates.
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
There are many critical differences between our two nations, but are there lessons to be learned by US policymakers from the UK predicament?
The number one financial worry for Americans is having enough money for retirement — and for good reason.
Healthcare is uniquely inefficient in the United States, as we have the most expensive system in the world, but we do not get the best outcomes.
Many policymakers have called for the full retirement age to be gradually raised and ultimately pegged to average life expectancy.
Even before the COVID-19 pandemic, 1 in 7 children were classified as being in poverty.
The pandemic caused a severe economic slowdown that reduced tax revenues and generated a set of large legislative responses.
The national debt is on an unsustainable path and the longer policymakers wait to take action, the more of a burden that debt will have on future generations.