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Spending for major health programs and Social Security will continue to climb rapidly over the long term.
https://www.pgpf.org/chart-archive/0174_SS_major_health_climb
Healthcare is the major driver of the projected growth in federal spending over the long term.
https://www.pgpf.org/chart-archive/0133_health_care_projected_federal
Historically, debt and deficits rose with wars and economic downturns. Today, they rise from factors such as growing healthcare costs and an aging population.
The growing debt is caused by a structural mismatch between spending and revenues.
Waiting to act raises the cost of stabilizing the debt.
Health expenditures of state and local governments are projected to crowd out non-health spending.
The percentage of children without health insurance has declined since 1997.
The cost of healthcare in the U.S. was nearly $1.5 trillion in 2018.
https://www.pgpf.org/chart-archive/0169_federal_health_spending_composition
Populations are aging in many countries.
https://www.pgpf.org/chart-archive/0116_aging_world_population
Nondefense discretionary spending includes many programs that could promote future economic growth.
https://www.pgpf.org/chart-archive/0021_discretionary-spending
