Peter G. Peterson Foundation

The national debt's rapid growth poses risks to future economic growth, job opportunities, and wages, according to the Peter G. Peterson Foundation. Rising debt may lead to job losses and lower wages, with young workers particularly vulnerable due to economic uncertainty.

A report by the Peter G Peterson Foundation, using analysis from EY’s QUEST practice, warns that rising U.S. national debt could reduce jobs and wages for Gen Z and Gen Alpha by 2075. EY projects 3.6 million fewer jobs by 2075 under current fiscal trends, with wages declining by 5.3% compared to a stabilized debt scenario.

The Social Security Old Age and Survivors Insurance trust fund is projected to deplete by late 2032, reducing benefits to 78% of current levels unless Congress acts. By 2100, benefits could drop to 62%. The report emphasizes the need for bipartisan solutions to avoid a crisis affecting 70 million beneficiaries.

The Social Security Administration warns that the Old Age and Survivors Insurance trust fund will deplete by late 2032, reducing benefits to 78% of current levels unless Congress acts. By 2100, benefits could drop to 62%, impacting 68 million beneficiaries. Experts urge bipartisan solutions to avoid this crisis.

A report projects the Social Security Old Age and Survivors Insurance trust fund will deplete by late 2032, leading to a 22% reduction in benefits unless Congress acts. By 2100, benefits could drop to 62% of current levels. Social Security Commissioner Frank J. Bisignano and advocacy groups urge bipartisan solutions to prevent this decline.

A report warns that the Social Security Old Age and Survivors Insurance trust fund will deplete by late 2032, reducing benefits to 78% of current levels unless Congress acts. By 2100, benefits could drop to 62%. Social Security Commissioner Frank J. Bisignano and advocacy groups urge bipartisan solutions to avoid a crisis affecting 70 million beneficiaries.

A report projects the Old Age and Survivors Insurance trust fund will deplete by late 2032, reducing Social Security benefits to 78% of current levels unless Congress acts. By 2100, benefits could fall to 62%. The Social Security Commissioner urges bipartisan solutions to avoid this 'benefits cliff,' which would impact over 70 million beneficiaries.

A report warns that the Social Security Old Age and Survivors Insurance trust fund will deplete by the fourth quarter of 2032, leading to a 78% reduction in benefits unless Congress acts. By 2100, benefits would drop to 62%. Social Security Commissioner Frank J. Bisignano urges bipartisan action to ensure financial stability for beneficiaries.

A report warns that the Social Security Old Age and Survivors Insurance trust fund will deplete by late 2032, reducing benefits to 78% of current levels unless Congress acts. By 2100, benefits could fall to 62%. Social Security Commissioner Frank J. Bisignano and advocacy groups stress the need for bipartisan solutions to avoid this crisis.