By Syndicated Content
By Andrea Shalal
WASHINGTON (Reuters) â President Joe Biden does not yet have enough support from fellow Democrats to secure $400 billion in spending for at-home care for the elderly and disabled that the economy desperately needs, Commerce Secretary Gina Raimondo told Reuters on Monday.
Raimondo, who is paying for round-the-clock care for her own 90-year-old mother, said Americaâs aging demographics were going to hit the country âlike a ton of bricksâ without increased federal aid, and warned the current situation was âuntenable.â
Failure to act, she said in an interview, would harm the U.S. economy by making it difficult for women â who fell out of the workforce by the millions during the COVID-19 pandemic â often to look after out-of-school children or parents â to return to work or remain in the workforce.
Aging population to hit U S economy like a ton of bricks - U S commerce secretary
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Aging population to hit U S economy like a ton of bricks -U S commerce secretary
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.