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Recent research has found that Social Security is more effective at reducing poverty than previously believed. Without income from Social Security, two thirds of the elderly would be considered poor.
https://www.pgpf.org/blog/2018/09/what-effect-does-social-security-have-on-poverty
Most student debt is owed to the federal government.
https://www.pgpf.org/chart-archive/0222_student_debt_creditors
SNAP benefits supplement household incomes to help lift people out of poverty.
https://www.pgpf.org/chart-archive/0264_snap_supplements_income
The growing federal debt would reduce family incomes substantially.
https://www.pgpf.org/Chart-Archive/0203_federal-debt-affects-income
“This new CBO report shows just how much more dangerous the future looks if these tax cuts and spending increases are allowed to continue," said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
Today's young adults are more likely to have student debt than their historical peers.
https://www.pgpf.org/chart-archive/0223_millennial_student_debt
Today's young adults face higher student debt burdens than their historical peers, even after adjusting for inflation.
https://www.pgpf.org/chart-archive/0226_millennial_student_debt_burden
Young college graduates today are entering the workforce with an unprecedented amount of student debt. How does student debt relate to the economic outlook for younger Americans and the finances of the U.S. government?
https://www.pgpf.org/blog/2018/07/the-facts-about-student-debt
“CBO’s report is filled with sobering projections that should be an urgent wakeup call for the Administration and Congress," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
“These reports drive home the urgent need to ensure that the critical Medicare and Social Security programs are sustainable into the future," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
