Thank you very much. Those were four very well crafted presentations. And mine wont be. Because my job is to listen and tell you what i heard and comment on what i heard. So what i heard from both ambassador aricot and dr. Zogby is they are not very confident that the political process can be revived by this administration or even possibly by the next one. Thats of course disappointing. I recall work written by william quantity many years ago where he talked about the possibilities for making progress in the first year, second year, third year, et cetera, of any administration and basically concluded that the eighth year was basically the best chance for making progress because you had less difficulty overcoming domestic pressure. But at least in the view of these two panelists, that opportunity will not be seized by this administration. And i understand why. Both of them, all of them have spoken about the netanyahu government and netanyahu himself, who i agree is not committed to the
CSPAN3 Key Capitol Hill Hearings October 20, 2015
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Peoples ability to withstand financial shocks and one quarter of u. S. Respondents were financially fragile in the sense they could not come up with 2,000 in 30 days. Including respondents who reported probably being unable to come up with 2,000, half would be viewed as financially fragile. Low saving was the reported. In addition, Many Americans report that adequate saving for retirement is a challenge. In a 2014 gallup poll, only half respondents reported being confident they will have enough money to live comfortable in retirement. Research validates this concern and households in the lower distribution are most likely to be squeezed. So, for example, lower income households are much more likely to experience a material drop in their consumption at retirement than their higher income counterparts. Okay. So this brings us to the crucial questions of why people dont save enough and how federal policy can encourage them to save more. So to start, its not uncommon to hear people say the