Aspen Group Chief Urges Cash for Kids as Seniors Reap $29,000
- Investing in youth sets them up for more success as adults
- US isn’t spending enough on future generation, economist says
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Young Americans deserve more attention from US policymakers because they’re only getting a fraction of the average $29,000 doled out annually to people over age 65, according to the scholar who directs the Aspen Economic Strategy Group.
“I’m not saying we should renege on our promise to take care of the elderly,” Melissa Kearney said Wednesday on Bloomberg Television’s Wall Street Week with David Westin. “But there are kids where we know when we spend more money on them, they do better in school, they have better health, and ultimately they make more money as adults, pay more in taxes, rely on government programs less.”