Some Background Notes for Susan Rasky's "Fiscal Choices" Project:
Some Background Notes for Susan Rasky's "Fiscal Choices" Project:
- 2008 dollars
- $80K GDP per worker today
- $50K average full-time salary
What year? 2050...
- $190K GDP per worker
- $110K average full-time salary
2050 Spending per Worker:
- $20K Medicare and Medicaid
- $11K Social Security
- $11K other federal government
- $12K state and local government
- $15K other health
2050 Baseline GDP Shares:
- Social Security: 6.1%
- Medicare and Medicaid: 10.6%
