Long-Term Fiscal Challenge Looms, as the Baby Boom Generation Begins to Retire

Long-Term Fiscal Challenge Looms, as the Baby Boom Generation Begins to Retire
Author: Susan J. Irving
Publisher: DIANE Publishing
Total Pages: 16
Release: 2008-08
Genre: Business & Economics
ISBN: 1437903169

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There have been long-term fiscal simulations of what might happen to fed. deficits and debt levels under varying policy assumptions. These simulations were updated with Jan. 2008 budget and economic projections and continue to indicate that the long-term fed. fiscal outlook remains unstable. The fiscal challenges facing all levels of gov¿t. are linked and should be considered in a strategic and integrated manner. The fed. gov¿t. faces large and growing structural deficits driven primarily by rising health care costs and known demographic trends. Nearly 80 million Americans will become eligible for Social Security retirement benefits in the next 20 yrs. Medicare and Medicaid are both large and projected to continue growing rapidly in the future.

The Nation's Long-term Fiscal Outlook

The Nation's Long-term Fiscal Outlook
Author: United States. Government Accountability Office
Publisher:
Total Pages: 13
Release: 2009
Genre: Fiscal policy
ISBN:

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Aging and the Macroeconomy

Aging and the Macroeconomy
Author: National Research Council
Publisher: National Academies Press
Total Pages: 230
Release: 2013-01-10
Genre: Social Science
ISBN: 0309261961

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The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

Economic outlook and the federal budget

Economic outlook and the federal budget
Author: United States. Congress. House. Committee on the Budget
Publisher:
Total Pages: 36
Release: 2002
Genre: Budget
ISBN:

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America's Public Debt

America's Public Debt
Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Long-term Growth and Debt Reduction
Publisher:
Total Pages: 96
Release: 2006
Genre: Debts, Public
ISBN:

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Nomination of Hon. James A. Nussle

Nomination of Hon. James A. Nussle
Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs
Publisher:
Total Pages: 140
Release: 2008
Genre:
ISBN:

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The Cash Crunch

The Cash Crunch
Author: United States. Congress. Senate. Special Committee on Aging
Publisher:
Total Pages: 228
Release: 1998
Genre: Business & Economics
ISBN:

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GAO's Role in Supporting Congressional Oversight

GAO's Role in Supporting Congressional Oversight
Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs
Publisher:
Total Pages: 80
Release: 2008
Genre: Political Science
ISBN:

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Global Trends 2040

Global Trends 2040
Author: National Intelligence Council
Publisher: Cosimo Reports
Total Pages: 158
Release: 2021-03
Genre:
ISBN: 9781646794973

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"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.