Social Security Faces Serious Financial Shortfalls, and Other Takeaways from the Trustees Report
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
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Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
The U.S. spent $820 billion on national defense during fiscal year (FY) 2023 according to the Office of Management and Budget, which amounted to 13 percent of federal spending.
https://www.pgpf.org/budget-basics/budget-explainer-national-defense
The Foundation provides a wide range of analysis, reports, and charts on fiscal and economic trends to help policymakers, journalists, and the public learn more about our nation’s fiscal and economic health.
https://www.pgpf.org/what-we-are-doing/research-and-analysis
The end of 2023 marks another year that the country has failed to improve its daunting fiscal outlook.
Understanding the United States' changing labor force can be a key part of understanding larger trends in the overall economy.
https://www.pgpf.org/blog/2022/11/the-foreign-born-labor-force-of-the-united-states
With the national debt at $26 trillion and counting, the nation’s fiscal health is a key issue for the 2020 campaign.
The top 20 percent of income earners receive over half the value of major tax expenditures.
https://www.pgpf.org/Chart-Archive/0199_distribution_tax_expenditures
The Social Security and Medicare Trustees released their annual reports, which show that these vital programs are on an unsustainable path.
https://www.pgpf.org/blog/2022/06/five-charts-about-the-future-of-social-security-and-medicare
Many factors contribute to the long-term outlook for the U.S. economy and budget, but there are two major drivers of spending: demographics and rising healthcare costs.
https://www.pgpf.org/the-fiscal-and-economic-challenge/drivers
The proportion of the population who are uninsured began increasing in 2017.