Could the U.S. become a failed welfare state?

Little hope of sustainable prosperity in Europe.

They’ve discovered the secret to permanent stagnation.

The region faces some big challenges.

The entire developed world faces a demographic problem.

Jaw-dropping numbers European Commission’s Ageing Report.

Demographics and entitlements will mean a Greek fiscal future for America and other nations.

There soon won’t be enough workers to finance the modern welfare state.

The Census Bureau just released a report on America’s aging population. The big takeaway is that our population will be getting much older between now and 2050. And since I’m a baby boomer, I very much like the fact that we’re expected to live longer. But as a public finance economist, I’m not nearly as happy. As […]

Over the years, I’ve shared many charts, graphs, and tables to help people understand that the welfare state is fundamentally unsustainable. And, assuming there’s not genuine entitlement reform, many of these fiscal estimates show that the United States has a very perilous future. According to the Bank for International Settlements, the United States is in worse shape […]