the other thing is believe it or not the baby boomers it's not all about the boomers. we simply are engaging in society. even when the boomers pass on we are going to be an older society. this is a global phenomenon. the u.s. has a relatively young population compared to places elsewhere in the world. we have to break down a lot of stereotypes we have about older people in their creativity in her knowledge because there's a sense of the real problem with our economy as we will have all these old people and they are not very creative and stuck in their ways and we have too many young people supporting too many older people but that belongs to a different economy in a different society the different era. i think we are going to learn older people are creative and they will continue to work. they will be doing different things. look you and you are doing something for 30 years do you want to do a? no you probably want to find something else to do but you will contribute and your employer is going to be healthier in a household income will be higher in the social security

the baby boomers are leaving. but the baby boomers have gone back to work.ir job rate is going up. paint a picture of how the new normal looks for older americans. >> absolutely. you know, they always talk about that the labor participation rate is low because baby boomers are leaving, and that's not really the case. in 1993 29% of people in the work force were 55 or older. today it's over 40% are 55 and older. so what's happening is they don't have the financial means to retire, and they're not ready to retire. they want to work longer. >> they're healthy too, right? if you're healthy and you like to do what you do, are you going to play golf like the president every day? there's a health issue there as well. >> and they enjoy it. you talked about some of the amazing life statistics, how long people are living in america, they're not living that long in north korea, in cuba. in many cases 20, 25 years shorter, so this is a testament to the miracles that are only created in america. to be able to work, to be able to retire, to enjoy your life -- charles: now

the other thing is beneath it orunt not, it's not all about the boomers. we are simply engaging even when they pass on we are going to be an older society. abut t the u.s. has a relatively youngimply a population compared to many places elsewhere in theso world so sociy. we have to break down a lot of stereotypes we have about oldertion compare place people and their creativity and knowledge because there is a problem with our economyave treak thinking that they are stuck in their ways and to many young peoplen their people are supporting to many her old peoplkne but that is a different economy and a e different society. al i think we are goingl to learn stuck i that they will continue to work and they will be doing different things.longs if you've been doing somethingsociet y for 30 years t. want to keep doing it no you want to finding something different. th. your household wealth will be high here and a social security do bill will be easier to pay. >> host: is there room in the economy for the older heal generation? >> we are all shaped by personalsier

>> it starts with mandatory financial education but for baby boomers get it now. it is specifically recommended. people bait box and take classis. but you have to start to with the retirement plan 63 percent of baby boomers to have over $100,000 had a financial planner. that was a good part. the bad part was of those people only one out before had a financial plan. baby boomers think they have a financial planner beverly it is a glorified sales person is not possible to have a retirement plan without the plan. so they should go get the financial plan to run their numbers because it is all about the math with retirement. gerri: make a good point. but i was not surprised by this. look at what has happened over the last two years people lost half of their retirement is it any wonder there so disconnected to their finances? is anybody surprised? do people feel the the market would be safe? we just recently had a poll 56 percent of americans have lost faith in financial institutions. that is a big issue. not just the people are stupid but they are disconnected in their

as they age, tease baby boomers will require more frequent and specialized medical care. the bureau of labor statistics projects that the home healthcare service industry is likely to see the strongest growth, 4.8%, of any industry by 2022. individual and family services and outpatient lab and ambulatory care services will also grow by 4.4 and 3.8% respectively. when considering where tore apply for a job, just follow the numbers. a career in the home healthcare service industry may be right for you. i'm jill schlesinger, kpix 5. life's running out of shaving stuff. and thankfully being able to find backups. >>> coming up at 5:00 a bay area firefighter is caught in a booby-trap. we'll show you secret putting fire crews on alert. that and more at 5:00. >>> go outside. it's b >> ridge: rick, i'm trying to help you. >> rick: treat caroline better. take her back. >> ridge: do it now or you'll lose her forever. is that what you want? >> rick: i think it's what you want. you're not worried about caroline. you're not worried about our marriage. you're just here to tell me that i

as they age these baby boomers will require more frequent and specialized medical care. the bureau of labor statistics say that the home health industry is likely to see the strongest growth. 4.8% growth. individual and family services, will grow by 3.8%. when considering where to apply for a job just follow the numbers. a career in the home health service industry may be right for you. i'm jill for kpix 5 introducing the new subway "simple 6 menu". it starts with six of our best six-inch subs- now in made-just-for-you meals- for just $6 every day. you've really got it made. ♪ take your pick from six of our best subs, like the italian b.m.t, tender turkey breast, sweet onion chicken teriyaki and more. with a 21-ounce drink and a bag of chips the new simple 6 menu is value made simple, every day. you so got it made. subway! a bay area levee breached... on purpose. why the water is flowing again for the first time in more than a century. >> i'm ken bastida in the kpix 5 news room. it's an issue of space people taking up too much of it on public transit. the movement to sto

as they age, these baby boomers will require more frequent and specialized medical care. the bureau of labor statistics projects that the home healthcare service industry is likely to see the strongest growth, 4.8%, of any industry by 2022. individual and family services and outpatient lab and ambulatory care services will also grow by 4.4 and 3.8%, respectively. when considering where to apply for a job, just follow the numbers. a career in the home healthcare service industry may be right for you. i'm jill schlesinger for kpix 5. >>> coming up tonight at 5:00, a huge fire rips through a bay area building. but it's what's happening now three weeks later that's putting people in danger. that story and much more coming up tonight at 5:00. >>> snow in washington, d.c. made for a fun and very playful day for one giant panda. look how cute. >> hello. >> "bao bao" u.s. will with at the smithsonian national zoo. this is the first time the panda experienced snow. and as you can see, she loves it! >> did someone spike her milk? >> i saw some home video of frank when he was a kid,

they didn't pay attention to us but the baby boomers are ageing; and they're also concerned about the older americans who are vulnerable to financial exploitation abuse and neglect. those are the issues. >>worthwhile themes indeed. any other questions or comments? >>i've attended a couple of white house conferences and i'm just wondering they would have them in three different parts of the country, like, one in san francisco, maybe one in philadelphia and maybe one down south rather than one -- so i'm just wondering what are they planning? just to have one and one time and have it simultaneously broadcast whether they planning on three separate ones? >>they did not -- the meeting i was at, no one went into detail on how this would be handled. the main concern was finance, that what was going to happen and how they did it depended so much on how it was financed but i hate to do this to you ann, but any questions on what's going to be ann will be our expert, or she is our expert. >>i thank kathy for reminding me. nora attended our board meeting in dc and though she was unwilling at that

host: dan is a baby boomer in charlotte, north carolina.ler: hello, i'm 54, and my experience is, you know, if you read a book called "coming apart," it talks about the experiences and how it affects one's satisfaction in life. i think we're talking about that with millennial's. i see more super achieving millennial's running around doing extremely well, but i also see people that want to not conform. they feel entitled, whether it is tattoos, not dressing properly, not being able to speak properly. and they go into interviews and are upset because they can't get a job. i think that you can go to college and so come out and not know the basic rules. i wish there was an next to class in school that said, look if you would like to go to work for a become become you have to conform and assimilate and be a part of that group, rather than say i'm going to be in individual and complain about knocking hired. host: dan, are your children better off than you are? caller: i have one child. i have one child and still in school. but i assume that -- i

population than, baby boomers left a much larger footprint. erin's point is spot-on here that even though we have more young adults today, they make up a smaller share of the population, which means the u.s. population is aging at a faster rate than the young adult population is growing. host: nathan, st. louis. how old are you? caller: 23. host: how well-off are you? caller: i'm able to pay all my bills -- host: are you college-educated? caller: about two years, but i stopped going to college because of the cost of it. host: are you working full-time? caller: yes. host: how would you compare your current situation to that of your parents when they were your age? caller: my parents always said they were working two, three jobs and it's hard to find a job nowadays -- host: are you working full-time? caller: yes. host: do you plan on going back to school? caller: i really don't think so because i'm trying to get into real estate, so i don't think a college degree would help me with that, and i think the record levels of college debt the students

the growth will be held down by the ongoing retirement of the baby boomers, by relatively stable labor force participation rate among working age women after sharp increases from the 60's to the 90's, and by policies in current law. the elimination of slack will eventually remove the downward pressure on the rate of inflation and interest rates that existed in the past several years. by our estimates, the rate of inflation as measured by the price index will move up gradually to the federal reserve goal of 2%, hitting the mark at 2017 and beyond. interest rates on treasury securities, which have been low since the recession, will rise considerably in the next few years, but remain lower than the previous decades. between 2020 and 2025, the projected interest rate on treasury notes are three poi -- 3.4% and 3.6% respectively. we will be happy to take your questions. please do it by identifying yourself and the publication you work for. >> william hall. do any of your projections [indiscernible] >> our baseline economic projections and budget projections are consistent with each other an

as they age, these baby boomers will require more frequent and specialized medical care. bureau of labor statistics projects that the home healthcare service industry is likely to see the strongest growth, 4.8%, of any industry by 2022. individual and family services and outpatient lab and ambulatory care services will also grow by 4.4 and 3.8%, respectively. when considering where to apply for a job, just follow the numbers. a career in the home healthcare service industry may be right for you. i'm jill schlesinger for kpix 5. bulldog: the red tags mean save up to 40% on clearance mattresses. get up to 48 months interest-free financing on tempur-pedic. pup: i found a red tag! [laughter] bulldog: mattress discounters' year end clearance sale ends soon! for over 60,000 california foster children nights can feel long and lonely. i miss my sister. i miss my old school. i miss my room. i don't want special treatment. i just wanna feel normal. to help, sleep train is collecting pajamas for foster children, big and small. bring your gift to any sleep train and help make a foste

a lot of money coming your way baby boomers. start smiling.can retirees will leave $170,000 to their heirs. you're set to receive this large inheritance, what should you do with this big windfall? number one, continue to live within your means. what does that exactly mean? i'll tell you what that means, if you're getting $177,000, you don't stop go to applebee's and go to al frescoes. live within your means. keep your job. (?) as much as you would love to go to your boss, take this job and shove if. probably not the best idea unless you hit the windfall of $2 million. be smart. number three, hire an expert. there's a lot of taxes coming down the road when you do this. a lot of things, setting up different accounts. go to a tax advisor. you may not get as much as you thought you would get. treat yourself. take your husband or kids on a little vacation. don't blow it all. but treat yourself. the number one wealth creator we've seen is the stock market. it's there for you. and put this money, whether you open an ira or investment account, get int

well the thing is the bb boomers are educated, one of the most educated in history and a lot of the work and careers and jobs are a big part of who we are. and if you actually look at the jobshe numbers many people are working during these traditional retirement years but how did you describe this? wa away i go by the expression the british have this notion of the third age but it's all about du continuing to work part-timerement. contract, maybe it's a full-time job, starting your own business, it is an enormous experimentation going on. is it because we have to? that's part of it. not people going to them to the it's mall and they lose their credit >> i cards, however it is expensive to educate your kids.o sa as it's been difficult for a lot of people to save so yes it doesosing co make a difference but i also think there is a search for meaning and engagement and work diffult for is also a social institution. it's a place where someone has a baby, you celebrate that. and a divorce, we help them through that process. this work in a social institution but it's also because we have all o

another way of saying baby boomers are getting older. people in their prime saving years. and also the higher capital share argues for higher returning cap that compete with capital for investors. as best we can judge, the factors pushing down rates relatives -- relative to this, will be more powerful than the pushing up rates. that is why we made this revision relative to history. nonetheless we think rates will move up from where they are now. that is consistent with expectations of participants in financial markets and consistent with our own modeling of demand for a fund as the economy strengthens. again, these are changes we mostly made last summer in the long-term budget outlook and incorporated into our august projections. we made it further small downward nice to interest rates because of a declining interest rates in other countries that makes u.s. assets relatively more attractive. this is no doubt one of the sources of great uncertainty in our projections. we offer an appendix to the report, and a rule of thumb for how the projections could be different if econo

that compares to 48% of us baby boomers when we were your age.o for broke generation. since you've got record amounts of debt and 4 in 10 of you are interested in buying a home at all. don't get me wrong i don't know where i'd be if you hadn't invented the selfie or memes with grumpy cat. look at that face, so very grumpy. something of a talesman an avatar for entire generation not just a meme, i can't help but get a little annoyed when some of the best reporters in the country are passed up by the obama white house for an interview with the president in favor of youtube stars whose claim to fame at least for one of them is taking a bath in fruit loops. i hope it's only one of them. if you thought those kinds of credentials would result in interviews, would have been below the dignity of the office, you were right. take a look. >> i, sometime people think i do, i don't smoke pot. it's not for me i think it's bad for my brain. i'm not into, it people think i do smoke pot because i'm in favor of legalizing marijuana. >> and my mama say when you go

these boomers got in the market at a time which was not of their own doing.y got into the market when some of them shouldn't have but some of them could and would be good homeowners going forward. it is not a yes or no answer. some of them should be, some shouldn't. >> let's look at the markets miami and detroit atlanta was one of those markets for whatever reason, maybe you can tell me, where those institutional buyers got in in a big way and they would go to auction and they would buy thousands up and put in a market not as deeply discounted, miami is not as discounted now but detroit boomerang buyers don't have the low prices that they've got in some of these other markets. >> no not as low. but atlanta would still rank as affordable because a medium-priced home requires less than 25% of the median income there. that's something that puts atlanta ahead of the game. i think if you are a boomerang buyer that makes it more accessible than los angeles where the median priced home now requires 50 to 60% of the median income. >> yeah and brooklyn, new york, righ

this is just another way of saying baby boomers are getting into older age. so fewer people in their prime saving years. and forth a higher capital share of income argues for returning capital and thus a retired turn on treasury that competes with capital for investors. so as best as we can judge the four factors pushing down rates relative to this historical experience will be more powerful than those pushing up rates by a good deal and that's why we've made this down revision relative to history. but nonetheless we think that rates will move up a good deal from where they are now. and that is consistent we think with what the expectations of participants in financial markets and consistent with our own modeling of demand for a find as the economy strengthens. so again these are changes were mostly made last summer and the long-term budget outlook and incorporate into our august projection. we made a further small downward nudge to interest rates in this projection basically because of a declining interest rate in other countries that makes u.s. assets relat

well, thank you so much for having him on the show. >> boomer, you want to go bye-bye?go. >> jimmy: aw. he wants to stay? >> he just want's to hang out. i don't know if he's purring. are you purring? yeah, he's purring in the mike. you hear him? he loves "the tonight show." here, good boy. >> jimmy: no kissing. get out of here, man. >> i love my animals. i love my animals more than people sometimes. >> jimmy: yeah. you do. >> this is going to be so great, because this one here came all the way from mexico. don't move. stay there. don't move. >> jimmy: i don't like spiders. please, i don't like spiders. >> now, this -- [ audience ohs ] don't move! don't move. >> jimmy: i don't like spiders. >> they're found -- now, we don't want him to fight, so we're gonna put one there too. hold still. wait, wait, wait. >> jimmy: oh, god! oh god! >> don't move! don't move! you're fine. you're fine. you're fine. these are called mexican whiteknee and redknee tarantulas. they have -- their fangs are about an inch long, but they can't kill you. they'll inject a little bit of venom. it wil

. >> we have a baby boomer generation now who is dealing more and more with these issues.o when do you have those very difficult conversations, and how do you go about that? >> i think we need to start like five years before we think we need to start. >> five years? >> i think so like five years before you think you need to start talking about it. a lot of people say just take me out and shoot me if i get like that, but it is not an end of life plan. instead people end up at the door of the intensive care unit with a doctor they have never met, and the doctor is saying it is time to disconnect the machines and people are shocked. i think it is better to start too soon than too late. >> we agree with that at compassionate choices. we encourage people to do that and i would say even earlier. i think one of the interesting things about britney menard is that she was so young, and at a point where she should have been starting her family, she is thinking about how to die. and so i know we encourage families to talk about it not only for the oldest members of their family, but

know it's driven by the growth in many industries and driven by interests of millennial and the baby boomer generation i think this is a functional shift from where we are this type of urban growth is in many cities certainly the edifying and boston and new york are seeing a subject growth in the city in addition to the impacts on our demand with respect to the applications there's also the department for the first time is involved in a broader range of policies be optimistic the affordable housing is the mayor is asking us to do a lot of work the transportation you'll see more requests related to transportation the office allocation issue will hit us this week and we'll be coming back shortly and obviously the short-term rentals legislation i mentioned is going to be a substantial hit on our resources as well as regional issues we're getting more and more engaged we have the opportunity to meet with the new mayor of oakland mayor shaft and an interesting time for the department we're that standing quantifyly but the projects we're involved in a broad range of policy issues that effects the

local incidents baby boomers are reaching the age where they are starting to think about that set of issues, and this generation is not going to put up with simply being wards of a nursing state. [laughter] >> the subject of end-of-life is at tough subject to talk about. it is polarizing. personal experiences or seeing someone on a ventilator far longer than the person would have ever wanted or vice versa undertreated. undertreated. you seem to have nicely discussed the difficult issues by also focusing on life, not just a good death, achieving what you want to achieve. what inspired you to take that positive approach. it it has not really evoked the polarized reactions you would normally think. >> i even talk a little bit about assisted suicide. here is the fear that people have the discussion is it is all about what you take away. trying to guide people to give up sooner. what i saw from meeting people and watching what happens is it is really about fighting for a set of goals that are different than what we have understood the goal is not a good death number one death is messy mes

i am a postwar baby boomer. i am the entitlement generation.dicare, medicaid. and you do not get it as currently projected. i am going to guess you are a little off on this. let's say early 20's, most of you in the room here, right? i assume that is close. i was just doing some quick calculations. i assume that in your studies, you have identified that social security is what we call a trust funded program. i do not like that term, because i do not trust the government and it is not funded. [laughter] >> but the program itself will exhaust all of its assets by 2033. just doing quick calculation. if there is anybody that should be concerned, it is you guys. because you are coming right at the time -- i guess most of you would be in your 40's, mid 40's -- that is when the program can only pay out that which comes in in the way of payroll taxes. you will go to as a pay as you go. meaning the projected benefits will be reduced by nearly 20% to 30%. that is you guys. not me, you. you should be concerned about that particular program as it relates to

now, another french magazine focuses on the wife, how yet boomer hayat boumedienne. >> let's wrap up different note hollywood legend is on the french "vanity fair." >> at is right, clint eastwood is on the issue called legacy of legend. he gets an exclusive interview to "vanity fair" in in which he talks about politics love, and war. his latest film is called "american sniper," and it has been making records at the box office. it has been nominated for six oscars, but it has contributed to scandal and bickering full stop it based on the relies of an american -- bickering. it is based on a real-life of an american, chris kyle, something he is a hero, others sayp÷

. >>> the "new york times" says this year's millennials are set to outnumber baby boomers.hat generation growing. the boomers are beginning to die in greater numbers. >>> our washington affiliate says six people remain missing this morning after a fire at a mansion. the $6 million home in annapolis burned to the ground on monday. there was no call for help. investigators say there are no signs the fire is suspicious. >>> the denver post says the first wave of 9,000 potential jurors will be screened in the aurora, colorado theater shooting trial. experts say that is the largest jury pool in united states history. prosecutors are seeking the death penalty against james holmes in the shooting. 12 people were killed and 58 others wounded. >>> cbs affiliate says tests found oil in the drinking water supply for montana. an accident spilled up to 50,000 gallons of crude into the yellow stone river on saturday. truck loads of water are being brought in for drinking and cooking. >>> we are getting a look at what is being called a flash mob on wheels. people riding motorcycles in flo

. >> reporter: low gas prices, recovering economy and baby boomers retiring has helped production jump to 50 trailers a week. the plant is expanding to get that number to 75. >> when people feel confident enough to go to rv shows and plunk down 20, 30, 50, $70,000 on an rv, they have to be feeling pretty good about their economic future. >> reporter: rolling off the line, a gleaming symbol of the open road. just bring your map and a dream. kevin tibbles, nbc news, jackson center, ohio. >>> that's "nbc nightly news" for this saturday. i'm lester holt reporting from new york. i'll see you tomorrow morning on "today" and right back here tomorrow evening. have a good night everyone. >>> right now at 6:00 downtown san francisco shut down by thousands of people. more on their message and scuffles between demonstrators. good evening to you. >>> the annual walk for life march took place in the streets today. it shut down market street for hours and drew hundreds of counter protesters as well making for tense confrontations. christie smith is live in san francisco with how it all shook out. chr

then we have a whole generation of bayby boomer politicians. everybody is looking at governor brown and that seat to see what happens. what we saw in 2014 with governor brown was less is more. he didn't campaign. he didn't have to. he just talked about the water situation. barely makes any appearances, hardly does any speeches anywhere. but there's a lot to do in california. when you talk about the budget he still has to keep those democrats from overspending in sacramento. there's also education, the crisis of tuition. how to keep these prices from going up to a point where average families cannot afford to educate their kids. that's an issue. infrastructure and legacy issues. he wants that high speed rail. the congress is not going to give him any money on that. is he going to be able to do it despite some opposition on that one? water tunnels and the whole water project that he plans. the state is also looking at some very sort of big political issues when you talk about the protests that we saw about ferguson and race relations. police depa

immigration to the bay area and san francisco but the silent trend are the millennial and the baby boomersre the trends in the population they have the particular set of needs and preferences for how they live and what they do it's important to pay attention to that the other thing the boundary we think about your future no longer property owner no city is alone anymore and to think regionally how the housing market function and our systems like transportation it is as important lens to look through and finally health brothers from individuals and public level is something else that we think is an issue coming into clear focus we'll be driving your planning consciousness and portions of our work >> let me know if i'm going two fast or slow the first of the clajz champs and the commission vice president allude to this role the top clajz changes are remaining in the city and this goes to a number of aspects of that including affordable housing, of course, but also things like job based offers and employment making whole community that work for families and kids and so on that's a huge driver