CBS Evening News - 2007-02-01
Channel: malgent
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Read a transcript preview of “CBS Evening News - 2007-02-01” from malgent, uploaded on 2024-09-04.
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Language: English (original, YouTube automatic captions)
[0:01] I'm Katie kurick our baby boomers
[0:03] heading for a financial train wreck
[0:05] tonight a new report finds we're saving
[0:08] less of our income than at any time
[0:10] since the Great Depression a dark night
[0:13] in the city of Lights to highlight a
[0:16] major new report on global warming
[0:19] casualties of Katrina an epidemic of
[0:22] depression among the
[0:24] children and a lot of us watch the Super
[0:26] Bowl as much for the ads as the game
[0:29] this regular Joe certainly will one of
[0:31] those ads is his it's called it's so
[0:34] hard to say
[0:39] goodbye this is the CBS Evening News
[0:42] with Katy
[0:45] kurick hi everyone there is no way
[0:48] around it we Americans are addicted
[0:50] addicted to spending and we're spending
[0:53] more than we're earning the government
[0:54] said today our incomes on average Rose
[0:57] about 3% last year but we increased our
[1:00] spending more than that which means we
[1:02] had to tap into our savings just when
[1:05] millions of baby boomers are going to
[1:06] need that retirement Nest Egg many of
[1:09] them could find an empty shell here's
[1:11] Anthony
[1:12] Mason the McGee family of St Paul
[1:15] Minnesota calls itself typically middle
[1:17] class Brian is a Salesman of hair care
[1:20] products Andrea is the mother of two
[1:22] boys we're not the Rockefellers but
[1:24] we're doing just fine I'm I'm surprised
[1:26] by how much money we're making and I'm
[1:28] constantly asking myself hey wait a
[1:30] minute how come we're running out of
[1:32] money at the end of of the month like
[1:34] most Americans the McGee are finding it
[1:36] harder and harder to save in fact Andrea
[1:39] found herself dipping into savings to
[1:42] pay their bills makes you very nervous
[1:44] and more