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There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.
While investing in a college education has undeniable, lifelong economic benefits, excessive levels of student debt can impose hefty financial burdens on borrowers.
https://www.pgpf.org/blog/2021/05/10-key-facts-about-student-debt-in-the-united-states
Economists don’t always agree — but there is a wide consensus developing that the United States is in store for rapid economic growth.
Beginning in mid-March 2020, the Federal Reserve initiated an aggressive policy of quantitative easing — which involves the purchase of government securities, corporate bonds, and other financial instruments — with the aim of keeping interest rates low and injecting cash into the economy.
The continued economic recovery and reopening of businesses has been fueled by COVID relief programs and an accelerating vaccination effort.
https://www.pgpf.org/blog/2021/04/the-economy-is-getting-close-to-its-pre-pandemic-level
Despite the consensus among economists that some amount of inflation is likely to occur in the near term, their level of concern varies.
Even before the COVID-19 pandemic, 1 in 7 children were classified as being in poverty.
https://www.pgpf.org/blog/2021/04/what-are-the-economic-costs-of-child-poverty
Generally, states with larger populations have been receiving more federal dollars from COVID-19 relief programs as such states typically have more unemployed persons, small businesses, and healthcare providers to which that relief has been targeted.
https://www.pgpf.org/blog/2021/04/why-do-states-receive-different-amounts-of-federal-covid-aid
America’s small businesses have been severely impacted by the economic downturn caused by the pandemic — and lawmakers have focused a significant part of federal relief on helping this critical part of our economy.
The number of individuals experiencing long-term unemployment (lasting 27 weeks or longer) has quadrupled during the coronavirus (COVID-19) pandemic.