Again to an impossibly distant 2015. , the year that film comes to mind as i think about the changes we are seeing in how seniors approach work and retirement, the topic of todays hearing. For most of the past century, seniors have been withdrawing as americansforce came to view retirement as a time of uninterrupted rest and leisure that could last for decades. Ofthe year 2000, only 32 werecans age 55 and older still working, and the average age of retirement had dropped to just 63, but the babyboom generation has reversed this trend. Today, 40 of workers 55 and older remain in the workforce, a ratio not seen since the eisenhower administration. Remainingoomers are in the workforce longer for many reasons, but one leading reason is the need for Financial Security. Many americans today dont have the resources they need to live comfortably and retirement without working. It used to be said that Retirement Security was a threelegged stool, the first leg being an employerprovided pension,
Expected to grow modestly this year and a solid pace through the next few years. Although real adjusted inflation grew weekly in early 2015, the economy now appears to be on firmer ground and we expect the pace of Economic Activity to pick up over the next calendar year and the next few years. After that, we expect to see moderate to constrained early growth in the workforce. Real gdp will grow by 2 this calendar year, by 3. 1 in 2016, and by 2. 7 in 2017. Above its potential or maximum sustainable rate over that time frame. The economy will grow at an average rate of 2. 2 , equal to its real growth rate. This will be driven by consumer spending, business investment, and residential investment. Over the next few years, the faster pace in growth output is expected to reduce the quantity of underused resource, or slack, in the economy. The estimate was about 3. 4 in 2014. Cbo next to narrow that gap to its historical average by the end of 2017. Although labor Market Conditions continue t
First, we will get underlying improvements in existing tech elegy equal to that has already occurred. All of it has gotten that her. That will happen again. In new we will later advanced automation. The automated ones are far more economically efficient. Were going to add robotics and industrial drones. The third thing is all of this will be optimized with analytics and big data. Uberize the shale industry. Tonight, this summer marks the 25th anniversary of Digital Television the author of tell levisionaries. That has been one of the more exciting things of the digital revolution. There used to be a stationary screen. With hd, that was a big screen in the living room. With the Wireless World extending things, now you have tablets and smartphones and wifi all over the place. Just a stationary experience, its a mobile experience wherever you want to go. Its not just tv, its video. Communicatorsthe on cspan2. Next earlier, the committee on aging held a hearing on retirement. More and more
First, we will get underlying improvements in existing tech elegy equal to that has already occurred. All of it has gotten that her. That will happen again. In new we will later advanced automation. The automated ones are far more economically efficient. Were going to add robotics and industrial drones. The third thing is all of this will be optimized with analytics and big data. Uberize the shale industry. Tonight, this summer marks the 25th anniversary of Digital Television the author of tell levisionaries. That has been one of the more exciting things of the digital revolution. There used to be a stationary screen. With hd, that was a big screen in the living room. With the Wireless World extending things, now you have tablets and smartphones and wifi all over the place. Just a stationary experience, its a mobile experience wherever you want to go. Its not just tv, its video. Communicatorsthe on cspan2. Next earlier, the committee on aging held a hearing on retirement. More and more
First, we will get underlying improvements in existing tech elegy equal to that has already occurred. All of it has gotten that her. That will happen again. In new we will later advanced automation. The automated ones are far more economically efficient. Were going to add robotics and industrial drones. The third thing is all of this will be optimized with analytics and big data. Uberize the shale industry. Tonight, this summer marks the 25th anniversary of Digital Television the author of tell levisionaries. That has been one of the more exciting things of the digital revolution. There used to be a stationary screen. With hd, that was a big screen in the living room. With the Wireless World extending things, now you have tablets and smartphones and wifi all over the place. Just a stationary experience, its a mobile experience wherever you want to go. Its not just tv, its video. Communicatorsthe on cspan2. Next earlier, the committee on aging held a hearing on retirement. More and more