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Transcripts For CSPAN3 Politics And Public Policy Today 20151110

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 mo ....

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