And it is one of the biggest financial challenges of our time, saving for retirement. And tonight we are hoping to shed some light on this issue which certainly ns of americans. Welcome to this special edition of nightly business im sue herera. Im Bill Griffeth in tonight for tyler mathisen. The vast majority of americans have under 1,000 in savings. And by some estimates, half of all americans have nothing put away at all for retirement. And this runs across pretty much all ages. Sharon epperson delves i reporter about ten years ago, galen murphy realized he never saved for retirement. Now hes 49 and still not saving. Nnot. I was hoping to in this next year. Reporter murphy earns about 42,000 a year working as a store manager at portlands house of vintage. The company has two stores, five fulltime employees, and no retirement plan. Murphy says he makes enough to pay his bills, barely. The biggest ones are going to be rent, student loans, health care, car payment. Reporter living the A
The white house. Nbcs Analysis Shows republicans may not have the votes to make this happen. Tracie potts has the latest on the battle to pass the plans. A threehour meeting overnight with the House Speaker pitching possible changes, aimed at convincing reluctant republicans to support their partys health plan. Congressman charlie dent emerged as the latest no vote. I think its important we get this vote rather than get it done fast. President trump on the phone with lawmakers all night meeting with the con sefb tif Freedom Caucus today. In a last ditch effort to flip six no votes to yes. This is going down in flames. Whats it going to take to save it . Our count now shows 29 republicans likely lined up against it. Still, the House Speaker is confident. We feel were getting really close. The white house admits theres no plan b if this this is the only train leaving the station. Reporter support looks less likely in the senate, lawmakers are worried about the impact back home. It would
Republicans first attempt to repeal and replace the Affordable Care act failed, but if they regroup and try again, what could it mean . With all the stammering, what could it bring about healthy changes . We will be living with owe baum care for the foreseeable future. That was paul ryan last week after obamacare was pulled from the house floor. In the seven years since obamacare or the Affordable Care act became law the house has voted at least 62 times to repeal it. Hardly symbolic jesstures. Republicans reject the individual mandate. And say policies are unaffordable with two choices. But it has reduced the number of Americans Without Health Insurance by less than 11 , down from more than 17 from 2013. The aca tries to control health care comforts. Exchanges went up an average of 22 last year and the subsidies the governments provides are extremely expensive. This week republicans say the fight to repeal obamacare is not over yet. Obamacare has done too much damage to families. So w
After they have stopped working or very well, or maybe both. Its the inside story. Welcome to inside story. Im ray suarez. The big retirement account holder vanguard calculates that as of last year, the average worker between 45 and 54 years old, had less than 50,000 in a 401k retirement plan. Think about that. About 15 years away from retirement and enough saved to withdrew just a few thousand dollars a year from savings. Half of workers earning the minimum wage haveless than 10,000 saved up total, and you are not going to retire for very long on that meager amount of money. During the good old days the company made pension contributions, you might have bumped them up, and you got a fixed amount per month, but fewer people work for companies that provided defined benefit pensions. These days you are encouraged to take care of this for yourself, millions using a devise originally meant for highpaid executives in place of an Old Fashioned pension. How is it worked out . In an era in whi
Stopped working or very well, or maybe both. Its the inside story. Welcome to inside story. Im ray suarez. The big retirement account holder vanguard calculates that as of last year, the average worker between 45 and 54 years old, had less than 50,000 in a 401k retirement plan. Think about that. About 15 years away from retirement and enough saved to withdrew just a few thousand dollars a year from savings. Half of workers earning the minimum wage haveless than 10,000 saved up total, and you are not going to retire for very long on that meager amount of money. During the good old days the company made pension contributions, you might have bumped them up, and you got a fixed amount per month, but fewer people work for companies that provided defined benefit pensions. These days you are encouraged to take care of this for yourself, millions using a devise originally meant for highpaid executives in place of an Old Fashioned pension. How is it worked out . In an era in which inflation is