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Unique Research Project from Peterson Foundation and Ford Foundation Convenes Authors of 31 New Papers Exploring America’s Most Significant Long-Term Challenges
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.
In this session US 2050 Advisory Board members discussed their work to build a comprehensive view of our economic and fiscal future.
Between 1979 and 2014, income increased more quickly for high-income earners.
Once taxes and transfers are taken into account, increases in income since 1979 are more evenly distributed.
Blacks and Hispanics have much higher poverty rates than other groups.
Income varies widely across racial and ethnic groups in the United States.
In 2017, median household income varied considerably by race and ethnicity.
Full-time male workers earn more than full-time female workers at all levels of educational attainment.