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This project quantifies the competing public finance consequences of shifting trends in population health. It discusses impacts for medical expenditures, labor supply, earnings, wealth, tax revenues and government expenditures.
“Lawmakers have squandered a generational opportunity to reform our tax code in a responsible way," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/12/peterson-foundation-statement-on-tax-legislation
“Another $400 billion in debt is the worst possible holiday gift for our children,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2019/12/peterson-foundation-statement-on-budget-deal
“Another round of tax cuts financed with borrowed money is doubling down on fiscal irresponsibility," said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/09/peterson-foundation-statement-on-new-round-of-tax-cuts
This project follows working-age adults over time to understand how economic, demographic and policy changes are impacting their retirement preparation. It also projects their financial outcomes at older ages to understand the implications of these changes on their future retirement security.
Continuously updated billboards put a spotlight on $22 trillion national debt as part of 2020 campaign conversation.
Peter G. Peterson gives a statement on his participation in The Giving Pledge.
https://www.pgpf.org/press-release/peter-g-peterson-on-his-participation-in-the-giving-pledge
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
This paper explores the determinants of financial fragility of American middle-income households ($50,000–75,000 annually). It analyzes the socioeconomic characteristics of fragile middle-income households (defined as unable to come up with $2,000 in a month). It focuses on family size, debt levels, degree of financial literacy and the ability of these households to plan for retirement.
The president's budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.