Again to an impossibly distant 2015. , the year that film comes to mind as i think about the changes we are seeing in how seniors approach work and retirement, the topic of todays hearing. For most of the past century, seniors have been withdrawing as americansforce came to view retirement as a time of uninterrupted rest and leisure that could last for decades. Ofthe year 2000, only 32 werecans age 55 and older still working, and the average age of retirement had dropped to just 63, but the babyboom generation has reversed this trend. Today, 40 of workers 55 and older remain in the workforce, a ratio not seen since the eisenhower administration. Remainingoomers are in the workforce longer for many reasons, but one leading reason is the need for Financial Security. Many americans today dont have the resources they need to live comfortably and retirement without working. It used to be said that Retirement Security was a threelegged stool, the first leg being an employerprovided pension,
Expected to grow modestly this year and a solid pace through the next few years. Although real adjusted inflation grew weekly in early 2015, the economy now appears to be on firmer ground and we expect the pace of Economic Activity to pick up over the next calendar year and the next few years. After that, we expect to see moderate to constrained early growth in the workforce. Real gdp will grow by 2 this calendar year, by 3. 1 in 2016, and by 2. 7 in 2017. Above its potential or maximum sustainable rate over that time frame. The economy will grow at an average rate of 2. 2 , equal to its real growth rate. This will be driven by consumer spending, business investment, and residential investment. Over the next few years, the faster pace in growth output is expected to reduce the quantity of underused resource, or slack, in the economy. The estimate was about 3. 4 in 2014. Cbo next to narrow that gap to its historical average by the end of 2017. Although labor Market Conditions continue t
Sixth avenue. How do we know the suspect took off that way . The bullet hole on that window tells that story. I was sitting with my family around 12 30 or 1 00. We hear four shots. Reporter evidence markers litter sixth avenue, signs of the gunfire that rattled this park slope neighborhood. Pop, pop, pop, pop, pop. Its not one. Its not two. Its more than three. Reporter the initial call to police came in as a stood in front. Its lights were flashing. Ran up toward sixth avenue that way. Then just a little while later ran back, jumped in the car, and sped off down the block. Reporter a 32yearold man tried to rob two guys, including an offduty nypd officer. There was some kind of struggle. The officers gun went off the leg. This is an element thats coming from the bars and restaurants on the corner of flatbush and sixth. We havent had this in a while. Ive lived on this block for the past 30 years. I havent heard anything like that in the past couple of years, but this is a new element co
Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Lincoln financial committed to helping you take and with the ongoing support of these institutions and individuals. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff deadly attacks blasted hospitals and schools across Northern Syria today, killing nearly 50 civilians, many of them children. It signaled again theres no end in sight for the war, despite plans for a temporary cease fire. Activists blamed russian air strikes, and the white house condemned the attacks. Well get a detailed account, later in the program. Amid tensions across the middle east, saudi arabia today launched its largest war games ever. The drills involve 20 mostly arab and african countries. The saudis are already fighting shiite rebels in yemen, and theyve offered to help fight the Is
Newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Lincoln financial committed to helping you take and with the ongoing support of these institutions and individuals. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff deadly attacks blasted hospitals and schools across Northern Syria today, killing nearly 50 civilians, many of them children. It signaled again theres no end in sight for the war, despite plans for a temporary cease fire. Activists blamed russian air strikes, and the white house condemned the attacks. Well get a detailed account, later in the program. Amid tensions across the middle east, saudi arabia today launched its largest war games ever. The drills involve 20 mostly arab and african countries. The saudis are already fighting shiite rebels in yemen, and theyve offered to help fight the Islamic State group in syria