Peter G. Peterson Foundation and Ford Foundation Launch US 2050

Wednesday, November 29, 2017

Peter G. Peterson Foundation and Ford Foundation Launch US 2050

Today, the Peter G. Peterson Foundation and the Ford Foundation launched US 2050, an initiative that will engage leading scholars to examine and analyze the multiple demographic, socioeconomic, and fiscal trends that will shape the nation at mid-century.

In the coming decades, a transformational wave of foreseeable demographic changes will create a new American tapestry. Social, economic, and technological changes will reshape the domestic and global economy, and the nation’s fiscal condition will face increasing challenges resulting from a range of factors, including an aging society and a structural mismatch between spending and revenues. These interconnected trends will have significant, but not yet fully understood, implications for the social and financial well-being of Americans. US 2050 will explore these issues and their link to the country’s fiscal and economic health.

“America is rapidly changing and we know that our population, workforce, and economy will look very different by 2050. What isn’t clear is how these shifting trends will impact the opportunities and well-being of Americans,” said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation. “It is time to start thinking seriously today about the critical questions and challenges that will shape our future – and ensure that we deliver a solid fiscal and economic foundation to future generations.”

“It is imperative in order to continue the upward mobility and the fulfillment of the American dream to truly understand the long-term impacts of current fiscal decisions,” said Darren Walker, President of the Ford Foundation. “The rampant inequality in the United States has been in part a result of short-term decisions that will only deepen without a course correct. US 2050 will hopefully provide the evidence necessary to map out and deliver a more equitable future.”

US 2050 is calling for research papers from economists, political scientists, sociologists, demographers, and other scholars. The research question is: How do the changing demographics of America – including aging, race, ethnicity, and other factors – affect the future fiscal and economic health of the nation, and what are the best policies to prepare for and respond to the challenges and opportunities that this future presents?

A distinguished Advisory Committee of academics and policy experts will guide the project, bringing valuable expertise across the key research disciplines...

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