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welcome to all of the american enterprise institute. i m mr. bigs, scholar here at aei, today s 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 it s 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 benef ....
organized meeting at uc berkeley. but it took a turn and tempers flared. police had to step in and this doesn t bode well for this weekend. reporter: lots of emotion for two groups of opposing views flts both members of the groups say they plan to attend ral this weekend. there was enough shouting and concern for safety that someone called police. tempers flared when liberal the activists with by any means necessary won t allow members of college republicans and berkeley patriots into their rally planning meeting. they have posted flyers. we have to organize and confront them and stop them. but when people with conservative views showed up, they refused to let them in. the university police responded to sort it out. members of both sides say they plan to attend the rally on saturday and the no to marxism event. the rallies are white supremacist events while conservatives say they are about free speech. both are predicting the opposing side will incite violence. ....
ones. the high cost of living, fromle lowed by housing and traffic. people shared why they are so disenquantitied. jana. reporter: people that we talked to today shared some of those concerns that it s just getting too expensive and too much of a hassle to stay in the bay area. ask people what problems they face in the bay area, and many will tell you straight up. you have to work two jobs to maintain here in the city. reporter: adora gibson was born and raise understands san francisco, but moved to antioch two years ago to escape city problems. it was overcrowded. expensive, cost of living, and too much traffic. reporter: so you went to antioch. and it was even more traffic. so i thought might as well deal with it here. reporter: now those problems might drive her out of the bay area all together, into oregon. in the next six to nine months, maybe. that soon. reporter: the 2017 survey by the council found that 20% of those responded think they are mig ....
[inaudible conversations] [inaudible conversations] good afternoon, everyone. i m carin bowen and a senior here the american enterprise. we ll conclude this series. we are also us a grateful to the bradley foundation of milwaukee wisconsin, supporting this lecture series for more than a quarter century. when peter schuck giving a electric noor washington about hit new book, one nationen decide, clear thinking about five hard issues that divide us, we jumped the chance for peteer is one of the cleese expose thoughtful legal and policy scholars of this and or in the generation, a professor emeritus of law at jail and an aei visiting scholar in 1979, the year i arrived at aei. the author of among many other books, why government fails so often and how it can do better, understanding america, the institutions and policies that shape america in the world, and then co-ed it with our colleague, wilson, and finally, meditations of a militant bloggerrist, cool news on hot to ....
a troubling statistic i discussed in the book is 40% of the sons born to fathers in the lowest quintile of income remain in lowest quintile of income and so demography is often destiny. if you are born to a father who was very polar, there s a very good chance, not overwhelming chance, but a very good chance you re going to be poor as well. to the discussion that poverty relates to blacks and i discuss why that is the case then why much of this discussion can be very misleading. the poverty rate is slightly lower than that of native americans and alaska natives. but more important point is more than 75% of blacks are not poor so the kinds of generalizations and images with warm are unfortunately quite inaccurate, though it is the case that many, too many blacks are born into poverty and will remain in poverty. the most important conclusion that i think analysts of poverty have come through in trying to determine what the trend is is that today, the clas ....