As a large portion of the American population lives well beyond retirement age, the total cost of providing healthcare will grow as well.
Understanding the United States' changing labor force can be a key part of understanding larger trends in the overall economy.
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Since its establishment in 1935, Social Security has grown to become the largest program in the federal budget.
With a divided government, an opportunity exists for lawmakers to seek and find common ground on the nation’s pressing fiscal and economic challenges.
Two of America’s top economists said Monday that while the U.S. faces a complex mix of fiscal and economic challenges, they don’t see an immediate threat of recession.
The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.