
Family Incomes Reduced by Federal Debt
The growing federal debt could reduce family incomes substantially.
https://www.pgpf.org/Chart-Archive/0203_federal-debt-affects-income
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The growing federal debt could reduce family incomes substantially.
https://www.pgpf.org/Chart-Archive/0203_federal-debt-affects-income
“Last year's deficit was nearly $1 trillion and it’s on track to continue to grow rapidly, so voters are rightfully concerned about what our fiscal outlook means for our future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/10/fci-press-release
Modeled after the Consumer Confidence Index, the Fiscal Confidence Index is a national survey that measures public opinion about the national debt.
It may be counterintuitive, but government shutdowns are expensive. They are also bad for the economy.
https://www.pgpf.org/blog/2019/10/four-reasons-why-a-government-shutdown-is-harmful
“If we stay on this path, we’ll leave our kids and grandkids with diminished resources, opportunity and quality of life," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The United States currently faces a range of complex challenges including deteriorating infrastructure, a changing climate, and an inadequate system of education.
On average, Social Security benefits exceed Social Security taxes over an individual’s lifetime.
https://www.pgpf.org/Chart-Archive/0198_social_security_lifetime_benefits
Social Security provides social insurance by redistributing income from high earners to low earners.
https://www.pgpf.org/chart-archive/0244_social-security-income-redistribution