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The recent outbreak of COVID-19 has caused a severe public health crisis as well as substantial economic disruption for every American.
https://www.pgpf.org/blog/2020/03/how-can-fiscal-policy-help-avert-a-coronavirus-induced-recession
“The coronavirus outbreak is an unprecedented national emergency, and we need to respond aggressively to address both the public health crisis and the economic risk,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Healthcare in the United States is very expensive — but we don’t get what we pay for.
https://www.pgpf.org/blog/2020/03/why-the-american-healthcare-system-underperforms
Healthcare expenditures in the U.S. are much higher than those of other developed countries.
https://www.pgpf.org/chart-archive/0170_international_health_spending_comparison
United States per capita healthcare spending is nearly three times the average of other developed countries.
Debt levels have risen in many sectors of the economy.
Student debt is second only to mortgage debt.
https://www.pgpf.org/chart-archive/0221_student_debt_second_largest
Student debt has been rising steadily.
https://www.pgpf.org/chart-archive/0266_student_debt_is_rising
There is a high rate of child poverty in the United States compared to other developed countries.
The U.S. personal saving rate has fallen sharply over the past 50 years and remains low
