In the News

Title

CBO’s Crystal Ball to 2047: Older Population, Higher Interest Rates

Document Type

Article

Publication Date

5-9-2017

Abstract

The United States of America, 2047: The population bumps up against 400 million people, with a full 22 percent of folks aged 65 and older — or 85.8 million seniors. The national debt rises so high that the country spends more money on interest payments than all of its discretionary programs combined, a scenario that’s never been seen in a half-century of tracking such metrics.