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
Have your back in terms of all people in our country, including people of color. This spending bill, it does just the opposite. I hope the members will understand the message that were sending to communities of color in this bill and rectify some of the problems. You have a chance to reject further institutionization of any quality and injustice and recognize how painful these cuts will be to people of color and women. Im going to give you my examples and my amendment shows what im talking about. The jackson Lee Butterfield amendment, this would increase funding by 16 million for the office of job corps. This amendment is fully offset with the department of Labor Administration funds. I offered a similar amendment in committee, and while that amendment failed, i believe that this amendment before us is not subject to point of order. Its critically important. You know that many minority youths and disadvantaged youth who have benefitted significantly from job corps will be locked out of
You this morning, could you switch parties in november . If you a democrat considering putting for donald trump, voting for donald trump, 2027488000. A republican considering switching to clinton, 2027488001. Phone lines are open, lets take some calls here. While we are waiting for you to dial in, last nights primary results. We begin with montana. Bernie sanders and scored a in that western state. In new mexico, Hillary Clinton. As a victory there new jersey, Hillary Clinton also with a win over Bernie Sanders. In north dakota, Bernie Sanders wins another democratic caucus. In south dakota, the primary thee, Hillary Clinton with win. Here is where the delegates stand right now if you go to our delegate tracker. 2497. Y clinton with with 100 663. 1663. Lets listen to the Presumptive Republican nominee from last night after his victory. Say towhat he had to voters who had not supported him in the past. Just a minute. First bone colored emerson and indiana. A democrat. Good morning to yo
This november. 9news reporter Maya Rodriguez is here to catch us up on a couple of potrelated issues. Supporters call it the Denver Neighborhood approved Cannabis Consumption pilot program. Its a mouthful, but this is the heart of it, asking voters whether pot use should be expanded into new or existing businesses as long as it gets the neighborhoods approval. Now the supporters of the proposal delivered 10,800 signatures to the denver businesses to provide a space for people 21 and over to consume marijuana and marijuana related products out of view from the public. They say theyre trying to address the issue that while Recreational Marijuana is legal in colorado, not everyone can smoke it where they live because of landlord restrictions and the like. All this while still complying with the Clean Indoor Air act by having people light up either on a rooftop deck or patio. Again supporters say out of approval of a city registered Neighborhood Organization and the director of excise and