The last time i was in nevada was probably about a month and a off ago. I got a tour around even a little bit before that. The first time i came was long before he got into this, probably sometime early april or may in 2018. Had a great lunch and everybody said if you are ever going to learn anything about iowa, you have to meet this woman name jan bauer. I was a little nervous. Shes been teaching me all the way so long. So i appreciate both your warm we will always carry names and also your endorsement for sure. [applause] look about this time of year you people from all over the country and they visit you and try to make some accentuated connection to iowa. Not going to tell you about my greatgreatgrandparents in hendrick county in 1850 and im not going to tell you that my mom was born in ottumwa. Yes she was. This not why we gather. Right. We gather for the sake of our country for the sake of our country, standing in this what we are going to pass on to the next generation. We gathe
So personal savings can only go so far for these individuals. At the same time though Social Security treat single women far less well than it does married women so they are not getting much help from that end of things either. Thats one reason i and others have proposed reforming Social Security to provide a flat universal benefit for all retirees regardless of income participation. On top of that individual would save in accounts provided through their employer or of not available through the government. This approach is qualitatively similar to that of the u. K. Australia canada and new zealand. In the u. S. Context you can affordably reduce the elderly poverty rate from todays level of roughly 9 to approximately 0 while increasing the Retirement Savings among the middle and high highincome workers who truly should be saving more. The lesson in all this is that there is no simple problem and no simple solution but a small if more complex problem is better in the retirement crisi cri