Thank you very much for coming today. I think well get started. Welcome to all the American Enterprise institute. Im andrew biggs. And todays session is titled what can irs data tell us about Retirement Income. I can imagine a bgrade thriller movie that the tag line said what if everything you knew were wrong. This is a slightly modified version. The tag line might be, what if many of the things you know were wrong and what if many of those were about Retirement Incomes . Its not something quite as thrilling but something thats actually very, very important. And i think the fact is that much of what we think we know about Retirement Incomes, the statistics that drive Government Policies regarding Social Security and Retirement Plans may in fact be wrong. We think we know what retirees incomes are, what their poverty rates are, how dependent they are on Social Security benefits and how much they receive from private Retirement Plans. I can pull some of those statistics from my head. The
Welcome to all of the American Enterprise institute. Im mr. Bigs, scholar here at aei, todays session is what can irs data tell us about Retirement Incomes. When i was give this task, i thought a b grade tag line of what if everything you knew were wrong. This is a modified version of the tag line. What if many of the things were wrong and what if many of those were about Retirement Incomes of it is a not as thrilling but its something that is very important. And i think the fact is that much of what we think about we know about Retirement Incomes, the statistics that drive Government Policies regarding Social Security and Retirement Plans may be wrong. We think we know what retirement rates are, poverty rates are, how much they receive from private Retirement Plans. Can i pull some of those statistics from my head. The poverty rate for americans over 65 is a little bit under 10 . About a third of retiries receive almost all of their income from Social Security benefits. Those are stat
Amy as the republicans engage in another primary debate, this one in South Carolina, we will go to columbia, South Carolina, does it with tom turnipseed, who is a National Director of segregationist alabama governor George Wallaces 1968 president ial campaign, but has since become a civil rights attorney and social justice activist. Well also speak with nation magazine publisher katrina vanden heuvel, not only about the republican bait debate, but also for only the third time in its 150year history, the nation magazine has endorsed a candidate in the democratic primary. Then to the water crisis in flint, michigan. It is an emergency. The cdc and the pediatrics say levelis no safe of lead. It is an emergency. Amy protesters fill the State Capitol in lansing, calling on Governor Rick Snyder to resign over the flint water contamination crisis. We will get the latest from the doctor who helped expose the lead poisoning, mona hannaattisha, as snyder has asked president obama to declare a fe
And so youre at a political rally and youre not sure if this is a democrat or republican political rally. What do you think might be one way of guessing which it is . Um, im tempted to say the racial democrgraphic of the audience. It could be, depending on where you are demographicly. I would suggest to you, its all in the audience reaction to the word spanking. Haha. That gives you everything you need i can give you an honest answer right here. I did want to see your reaction to the word spanking. Now you have to guess whether your a democrat or republican. Its not as easy to see as the one were going to see in this next segment. When the word spanking is used at a political rally. We will be joined tonight by a prominent democrat who supports Hillary Clinton and thinks that the way she handled her state Department Email was a serious mistake. Also tonight, a leading political conservative is hoping now for a 50 state loss for donald trump if he is the republican nominee. The end of t
Haha. That gives you everything you need i can give you an honest answer right here. I did want to see your reaction to the word spanking. Now you have to guess whether your a democrat or republican. Its not as easy to see as the one were going to see in this next segment. When the word spanking is used at a political rally. We will be joined tonight by a prominent democrat who supports Hillary Clinton and thinks that the way she handled her state Department Email was a serious mistake. Also tonight, a leading political conservative is hoping now for a 50 state loss for donald trump if he is the republican nominee. The end of the republic has never looked better. The entire country is relying on indiana to save us from going over this cliff. Honestly, if we win indiana, its over. Ted had a tough week. And i want to take that television and smack it. Eight years ago i said it was time to change the tone of our politics. America is a better country without you. In hindsight, i clearly sh