>> hi, everybody, welcome to on the money. 70 is the new 65 why more and more people are waiting to retire, and it's not all bad news a wearable device that can call for help. how one company wants to keep you in style and safe. the top states for business, where it's booming, where it's busting, and why it really matters. and travel agents. you may think they've gone the way of the dinosaur, but think again. when you should use them and when you shouldn't and the new boom in beauty going natural. but what does that really mean

"on the money" starts right now. we begin with retirement or perhaps better said, the opposite of retirement more americans age 65 and older are still employed at the highest rate since 1962, and it's expected to increase. for this week's cover story, more boomers are working overtime >> i'm retired happily >> i would retire at 50. >> why >> well, because it's a lot younger than 65 or 70. >> reporter: 65, that was the age when your work days ended and the life of leisure began. but that's becoming more rare. >> i plan on working until i really can't anymore they say worse than dying is outliving your savings >> reporter: for millions retiring at 65 may not be financially possible >> 24 cents, there you go. >> reporter: in 2000, 13% of

americans age 65 or over were still working full or part time. today, that number has grown to 19%. by 2021, an estimated 32% of seniors will still be on the job. >> if i live to be a hundred, i think i could work up till 80 years old. because i love what i do >> reporter: the number of people in the workforce age 25 to 54 isn't projected to change much today there are more workers age 55 and higher than young workers age 16 to 24 and that gap is expected to increase >> i'm going to have to work for many, many years i wish that i could retire earlier, but i cannot. ask that's okay. >> but is it okay that the age people can retire keeps getting older? gene setsfan is aarp senior vice president of programs.

thank you for being here in general, why are so many boomers working beyond age 65? >> it is financially driven. so our research from 2014, staying ahead of the curve, shows us that 34% of the people we surveyed tell us that financial drivers are a major reason why they're staying in the workforce. >> is that because basically fewer people have pensions now companies have changed the way they structure retirement or because they haven't saved enough, or perhaps a little bit of both. >> i think a little bit of both. but i think the underlying systems of retirement as you mentioned before, is the major driver we're moving away from traditional pensions, to defined contributions. what happens there is you have a lower base of guaranteed income. so everybody's really relying on social security as that floor. they no longer have that traditional pension that lasts them through their lifetime. and the other onus is to have the employee, the orkers, actually save for retirement and we know how hard that is

for many people, about 55 million people, don't even have a way to save at the workplace, which makes it 15 times harder for them >> right well, that's the negative side, but there are some positives, are there not? boomers are generally healthier, they want to stay engaged. they want someplace to go every day. >> absolutely. >> that's the positives, right >> absolutely. so in the same survey that i cited before, 19% of the folks that we talked to actually wanted to stay in the workplace, because they actually enjoy it it's a social outlet, they feel productive so there's a good reason for people to want to stay in the workplace longer because we're living longer and what greater way to stay engaged but at the workplace >> and there are so many more options, i would think we have the gig economy, which i would assume makes it a lot easier for those who do want to continue to work, kinda seek out those opportunities if and when they want them >> absolutely. the flexibility of the gig

economy or part-time work is something that we actually do see. the trends are shifting higher for sure in terms of the participation for older workers in that type of arrangement. and every time we do actually have resources related to part-time work, we see a spike in our resources and the appeal for them so, absolutely, i think the flexibility that allows you to earn some income, at the same time, enjoy their life is an interesting way for people to consider part time, flexible work >> do you find that in more quote/unquote traditional jobs that the older boomer gets pushed out of the workforce, and therefore tends to go into the ubers, the airbnbs, for the flexibility? >> that's a really good question so unfortunately, we do still see the perception and the realness of age discrimination in the workforce so, again, in our studies we've

shown that as early as 45, all the way up to 75, the perception of age discrimination is roughly about 60% of the people that we talk to. so that's actually real. so, yes, moving to the gig economy, where you can feel like you're more of the driver, literally, in the work situation, the better. and also we're seeing increases in the whole realm of entrepreneurship for 45-plus entrepreneurs as well. >> jean, thanks so much for joining us >> thank you and now here's a look at what's making news as we head into a new week on the money janet yellen spoke and the markets listened approxima the chair of the federal reserve delivered her congressional testimony this week and said interest rate hikes would be gradual. he also said rates will not have to rise much further to reach what she called a neutral level. the message didn't contain a lot of surprises or specifics. that sent the dow to record

levels on wednesday and again on thursday the nasdaq and the s&p 500 strong as well stocks continued to climb at the end of the week. microsoft wants to get more people online. the software giant has a plan to use available digital channels to provide rural america better broadband service. the company will invest and partner with existing internet companies to get high-speed access to the 23 million rural americans who don't have it. and jcpenney is betting big on toys. the beleaguered retailer is planning on opening toy shops within its department stores the move will be a permanent one in all of its stores, which number more than 1,000 the company is fighting online shopping and a fading brick and mortar retail industry the state of business in america depends largely on where you live booming in some places, a bust in others. a new study by cnbc based on quality of life, workforce

education, taxes and the economy, found the best and the worst. here's a look at the top of the heap number five, north carolina, texas fourth, minnesota three, georgia was second and america's top state for business is an economic powerhouse too you may not think of it that way, but you probably use some of its products every day. scott calhoun reports from the state of washington. >> reporter: you can shop at costco or order from amazon, using software from microsoft, which you can also use to book a trip on expedia on a jet built by boeing. on the strength of these household names and more, washington state's $470 billion economy, was the fastest growing in the nation last year. a fast-growing job market and a red hot housing market in the annual top state study, washington notches top ten finishes in five out of ten categories workforce, economy, quality of

life, tech & innovation and access to capital. >> robust, growing economies, entrepreneurs, and a beautiful natural bounty >> reporter: but as is often the case here, clouds are building home construction is slowing down boeing, the state's largeest employer, is cutting jobs, nearly 10,000 in the last year, prompting a big "i told you so" from critics of the huge incentives the state has given the company. >> this experience with washington state and boeing is such a tragedy boeing is gaining the fine print of these two huge incentive packages that it has gotten from the state, that total more than $11 billion. >> reporter: meantime, education here is underfunded and the state only recently began re-investing in its troubled infrastructure >> we know if we grow intellectual talent, that fundamentally, it's the energy source that will drive the economies of the future. >> reporter: but the challenges leave washington in a precarious spot, and facing a nagging question

has the state reached its peak or is there room to grow even higher > >> west virginia came in dead last from the coal industry and a lack of retraining worker program. its workforce is also the least educated in the nation up next, we're on the money. stay save, a little device with a powerful purpose and message and later, travel like a pro. how booking through an agent could send you on the trip of afe lifetime and now, a look at how the stock market ended the week. ♪ ♪

♪ ♪ the numbers are frightening.

according to the u.n., 1 in 3 women worldwide will experience physical or sexual violence in their lifetime a company called roar for good is using a personal safety device to combat that problem at its core joining me now are the co-founders yasmin mustafa and anthony gold and you're wearing your roar for good t-shirt >> yes, i am >> excellent i want to talk about how this all got started. athena is the name of the device we have one of them on set anthony, you're actually wearing it >> i am. >> can you test it for us and tell us how it works >> you can wear it anywhere you like, as a necklace, bracelet, attached to your bag or belt clip you feel threatened, you press and hold the button, it will emit a 90-decibel alert. and it sent an emergency message to my message contacts to get immediate help with my gps location of where i am and

people can watch over me so i can immediate help one other thing we built into it, a silent roar mode because you may not want the perpetrator know that you -- >> sounded the alarm >> yes you triple press the button and it still sends out the emergency contacts >> the statistics are frightening. how did you come up with this concept? >> i four years ago when backpacking through south america by myself. everywhere that i weren't, i kept meeting locals and women who would share some type of horrific story of being attacked, abused and the week after i came back to philadelphia, a woman was attacked a block from my apartment. he went out to her car, she was grabbed from behind, dragged into an alley and brutally assaulted and then we banded

together to start roar >> you also take some of the profits of this and empower other women and men to become involved and to become more active, correct? >> exactly we didn't want to make a tool that put the onus on the women to protect themselves, like the day of pepper spray and tasers where it's really going to make the biggest impact is to get to the core of the issue and how you do that, you partner up with programs that teach young kids when they're most impressionable about consent, and healthy relationships and respect. there's a proven correlation between those skills and decreasing attacks and abuse against women. that's why it's important to have a giveback program. >> one of the things you're looking at, as i understand it, getting these in the hands of students on college campuses junior colleges, things like that >> sure. we want to get them in the hands of everyone who can benefit, not just students at college, runners, and it's not just for women. some people purchase them for their aging parents, for their

children but from our perspective, we want to get to the root causes of violence and reduce assaults against everyone that's why the roarback program is so critical about another critical piece is getting more male allies involved we talk about these as women's issues, they're societal issues. we need more men, men in positions of power and leadership to step up and say, we need to do something about it that's why we named the company roar for good. we say nothing would bring us for more joy than for there to be no more need for what we're building >> thank you so much for joining us we really appreciate it. >> thank you so much up next, we're "on the money. going old school travel websites may be easy, but find out what you might be missing when you lose that human touch. and a bit later, why part of the beauty industry is looking pretty good. but all the fine print really matters for this one you know what's awesome?

gig-speed internet. you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids. and these guys. him. ah. oh hello- that lady. these houses! yes, yes and yes. and don't forget about them. uh huh. sure. still yes! you can get it too. welcome to the party. introducing gig-speed internet from xfinity. finally, gig for your neighborhood too. expedia, orbits, price line, travelocity, there are dozens of websites out there to help you book your next trip. but sometimes you need to break down and go with a pro joining me now is jackie gifford from travel & leisure, with tips on when you should use a travel agent. good to see you. >> good to see you too >> i think a lot of people think

that travel agents are going the way of the dinosaurs, but that's not the case >> no, it's not the case when certain online sites rose up, those are the one-stop shop places to go to book a trip. but sometimes it's really helpful to go to a person. this is when you're perhaps planning a complicated itinerary, a pricey trip it's really helpful to go to a person >> or if you're doing a group? >> and there's multiple reservations involved. you don't have the time to necessarily coordinate all this on your own and it's helpful to go to a person >> so that's when you should use an agent >> right >> i have used an agent. my son has food allergies. if i want to go to europe, i need to know which countries are the easiest to navigate. >> of course we have a whole network of a-list travel advisers and they specialize in certain parts of the world, be it adventure travel, cruising, honeymoons this is their specialty and

expertise. you can go to them to pick their brain, use them. because they have the inside track. >> can they save you money >> absolutely. they get alerts on special deals, things that the average person might not have access to. so they can save you money in the long run >> what is the fee structure or is there a fee structure? what does it cost? >> some agents might not charge you a fee. it could range from $50 to several hundred dollars, but keep in mind, you're paying them for their time and expertise they are planning this very important trip for you >> what do you do it yourself with the orbits or the travelocity? >> if it's something that's fairly straightforward, you're booking a hotel and flights. i think it's easier to do it on your own at times. but if it's something that's very complicated, you should go with an agent. >> jackie, thanks so much. >> thank you >> jackie gifford of travel & leisure. up next "on the money," a look at the news for the week ahead and the new beauty trend that's driving sales but what does "natural" really mean

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♪ ♪ here are the stories coming up that may impact your money this week. monday, the house of mouse celebrates 62 years of fun at disneyland tuesday the national association of home builders is out with its monthly survey on the housing market wednesday we find out how many

new homes were started in june thursday we'll get a read on the state of manufacturing with the release of the philadelphia fed survey friday is the seventh anniversary of the dodd/frank act which placed stiff regulations on the financial industry just as many people worry about what's in the food we eat, many people also worry about what's in the cosmetics they use. that is leading to a boom in sales of natural cosmetic products and major brands are getting on board. as andrea day reports, target has increased the number of natural brands it offers, with sales on the rise. >> i guess we're really calling out to understand, what is in this makeup, what's in this product. >> reporter: it's the call for natural beauty retailers like target are cashing in >> what we're doing here is taking this great idea and making it very accessible based on our price point and our presentation >> reporter: the category now topping $1 billion in sales. >> we have over 2,200 products on offer we've brought that to the front

of the department on a full display, and increased that floor space. >> reporter: and just in time as the natural trend continues to nip away at the nearly $49 billion cosmetics and beauty category last year, natural sales grew more than 10%. still just about 2% of the total category, but not expected to slow down. >> it's just as important as what you eat >> reporter: to meet demand, some brands are working to re-engineer products into more natural versions but what do words like natural even mean? >> i think of a farm >> to be honest, i don't know what it means. natural. >> reporter: believe it or mot, the word "natural" doesn't mean much the beauty industry is virtually unregulated, leaving companies to set their own standards >> i think we have a right to know what's in our products. >> reporter: according to the fda, they do not approve cosmetics, but they do approve color additives used in cosmetics. it's the responsibility of cosmetic manufacturers to ensure, before marketing their

products, that the products are save when used as directed on their label, or under customary conditions of use. jessica alba's company has paid nearly $9 million to resolve lawsuit, accusing the brand of adding chemicals to products they claimed were natural. they say, we vigorously deny any and all allegations in the lawsuit. we stand behind the safety and effectiveness of our products. we label each ingredient in every product, not because it's required, but because we're committed to providing clear and credible information in an effort to limit further costs incurred by continued litigation, as well as a distraction to our business, we've made the decision to settle >> if i'm not eating it or drinking it, i don't worry so much >> but with so many consumers reading labels and asking questions, target said it will take the lead and ban some chemicals consumers have been concerned about by 2020.

that move is expected to reduce chemical use across the industry for "on the money," i'm andrea day. >> there is currently a bill pending in the senate that would give the fda additional authority to regulate beauty products the bill has gained industry support. the companies say they want consumers to know products are safe and that's the show for today. i'm sue herera becky will be back next week thanks so much for joining us. up next week, credit card perks. those cards could be saving you money in ways you may not even know about each week, keep it here. we're "on the money. have a great one and we'll see you next weekend ♪ ♪ guest bathroom. your privacy makes you my number 1 place... ...to go number 2. i love you, but sometimes you stink. ♪

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on this rainy friday afternoon, the guys behind me are getting ready. here's what's coming up in the show >> when the money's coming your way, you don't ask any questions. >> well, frank, we do have just one question how much will netflix move on earnings next week plus, microsoft just hit an all-time high, but if you missed the move, we'll show you how to buy the stock for less than a buck >> are you kidding me, sir >> no, we are not. dan nathan will break it down. and, he correctly called the decline in oil i i just don't want it.