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Math and sue herera are off tonight, so its just you and me. The dow snapped its sixday win stream as shares of General Electric weighed on Investor Sentiment and saw their biggest decline in six year. Well have more on that story in a moment, but first the closing numbers. The dow did hit an intraday high today, but finally fell 54 points to 23,273. The nasdaq was down by 42 points, the s p fell by ten. The prospects of tax reform has long been a big driver for this stock market, but one tax proposal that got a lot of buzz over the weekend was changing popular 401 k retirement plans. Thats likely is not going to happen. The president tweeted th be no e its always been a great and popular middleclass break that works, and it stays. There had been reports that republicans in con weighing a proposal that the significantly reduce the amount of income as a way to offset los ....
[applause] good morning and welcome to the center for American Progress. My name is carla martin. Im the the Vice President for policy. It is my honor to welcome to this exciting event. Our lineup today is a real testament to the importance of this issue to this administration and to president obama. Nearly one in three americans has some type of criminal record that creates barriers to employment, housing and many other pathways to opportunity. Some americans with criminal records are even barred from casting a ballot which denies the right to participate in our democracy after they have paid their debt to our society. The impact of these barriers goes beyond those previous convicted of a crime. Criminal records are a family sentence. In fact, they have found that nearly half americans children now have a parent with a criminal record. Study after study has shown that the ....
And then drive it forward in 2017. Thanks for listening. [applause] i know j stand before you and lunch but i am happy to take any questions for you. Just an opportunity to talk about a book. It is called fixing the future and how canadas government worked together to rescue the canada pension plan. It is an interesting story and the same issue as the Social Security except we ended up with a situation where we doubled the contribution rate and built up the reserve fund and stabilized the contribution rate. It is a fascinating story. You have to figure out the story. I think that is a great point. The way the public and the private sector have come together we have studied this to achieve the policy in canada. Okay. Thank you, everyone. Once again i want to thank ida and the Aspen Institute. [applause] sunday, Hillary Cli ....
After they have stopped working or very well, or maybe both. Its the inside story. Welcome to inside story. Im ray suarez. The big retirement account holder vanguard calculates that as of last year, the average worker between 45 and 54 years old, had less than 50,000 in a 401k retirement plan. Think about that. About 15 years away from retirement and enough saved to withdrew just a few thousand dollars a year from savings. Half of workers earning the minimum wage haveless than 10,000 saved up total, and you are not going to retire for very long on that meager amount of money. During the good old days the company made pension contributions, you might have bumped them up, and you got a fixed amount per month, but fewer people work for companies that provided defined benefit pensions. These days you are encouraged to take care of this for yourself, millions using a devise originally meant for highpaid executives in place of an Old Fashion ....
Stopped working or very well, or maybe both. Its the inside story. Welcome to inside story. Im ray suarez. The big retirement account holder vanguard calculates that as of last year, the average worker between 45 and 54 years old, had less than 50,000 in a 401k retirement plan. Think about that. About 15 years away from retirement and enough saved to withdrew just a few thousand dollars a year from savings. Half of workers earning the minimum wage haveless than 10,000 saved up total, and you are not going to retire for very long on that meager amount of money. During the good old days the company made pension contributions, you might have bumped them up, and you got a fixed amount per month, but fewer people work for companies that provided defined benefit pensions. These days you are encouraged to take care of this for yourself, millions using a devise originally meant for highpaid executives in place of an Old Fashioned pension. ....