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
It seems to me if this trend really continues unfortunately 2015 will be recorded as the bloodiest year yet since 9 11. Mike mentioned one of our recent obligations related to terrorism in north africa and the impact regionally and globally. We do have copies for those who might be interested. Let me just mention that were covering a broad area all the way from [inaudible] health security, for example, the ebola crisis, and in general i think we have to look at the record. And the record of last year 2014, for example, there is an increase of 30 in north africa over 2013. And, again if you look at 9 11 from 9 11 you look at that particular region which really underscores the nature of the threats, there is an increase of 800 , and so on. And so today were going to discuss several of the countries in the region. Again, there are many terrorist groups involved in this activity. Some are regional and some are foreign fighters and so forth. So i think were going to deal with both the domes
Get fully briefed on. And i make sure that my team works. I mean part of the challenge of management is not to intervene in everything going on in the agency and to be very focused. And i am a focused person. So, when i see something that i come in on email that is not one of my high priorities. I give it to one of my staff. I trust them to do it and i will track it. But im not doing my other folks jobs. Im letting them do theirs. I have, mike, i have a great team. My Management Team is fabulous. My career staff knows exactly what theyre doing. It doesnt mean that we dont have challenges like everybody else. But i couldnt be more proud of the people that work for that agency. And i dont feel like i need to micromanage anybody. Mike you recently got back from the vatican. What role does faith play in your work . Admin. Mccarthy i actually think it is a big deal. Me personally, my faith gets translated in a couple of ways. One is, i actually love people. Which is why, you know, i try to
To the china model. So i think thats an important establishing factor and we need to keep th i guess they need to a senator mccain for permission to quote from memory obviously from what he said in munich last february, which is pertinent because he made an important point. He said, maybe you can even use the word. The arab spring will come to china . I think we should be quite selfconfident, not overconfident, but i think we have a sustainable model and then much less certain that china has at this point a truly sustainable model. So thats not really my worry from a european point of view. My worry is a different worry. I worry as we look at these global challenges that paula mentioned from terrorism to piracy to proliferation, it better, et cetera, our ability to create and maintain a functioning system of global government governance appears to have declined. Our ability to have a working system of global governance. When i look at whats going on this area, to u. N. Security council
Is the president paying for the flight back from hawaii . Personal travel the first family will appropriately fund in line with past president s. Viafirst lady will travel government aircraft preview are accurate in your description that this was a government aircraft. You are accurate in your discretion that this was her decision to remain in hawaii. Kids, you know that telling your spouse they can spend a week away from home is a big presence. Not that we dont love our kids. Acknowledged her birthday. We will see what we can come up with. I have to run to a meeting. [inaudible] on the disclosures issues . The president will speak about those issues prior to the state of the union. On january 28. Sometime between now and then he will address those issues. Great to see you all. Good luck. [laughter] missed any of our coverage of today possible i tells briefing, it is available on our website. O to www. Cspan. Org live at the brookings institution, a group of analysts a group ofas that