Ben Harris
@econharris.bsky.social
Brookings VP and Director of Economic Studies. Former Assistant Treasury Secretary and Chief Economist to VP Biden. Co-author of The Retirement Challenge.
Alternatively, in our most optimistic scenario, in which AI reduces mortality while also lowering the costs and demand for healthcare, annual deficits fall by 0.8% of GDP in 2044, or about $500 billion per year.
February 20, 2025 at 8:18 PM
Alternatively, in our most optimistic scenario, in which AI reduces mortality while also lowering the costs and demand for healthcare, annual deficits fall by 0.8% of GDP in 2044, or about $500 billion per year.
And of course, longer lifespans mean more people drawing from SS and Medicare. For example, if AI reduces mortality by 3% (as opposed to 0.74% in the baseline), the old-age population will rise from 73.2 million to 82.4 million in 2044.
February 20, 2025 at 8:18 PM
And of course, longer lifespans mean more people drawing from SS and Medicare. For example, if AI reduces mortality by 3% (as opposed to 0.74% in the baseline), the old-age population will rise from 73.2 million to 82.4 million in 2044.