American’s Attitudes About Their Money

“freed” your email address is revealed only to me and I promise I won’t spam you. In this case I was hoping to email you directly so I could get the link to the CNBC piece you referenced. I Googled the info you cited and couldn’t find those stats, I wanted to understand them in the context they were cited so I could comment on them.

I do agree that the stats that almost half of U.S workers are not covered by a workplace retirement plan and that this needs to change. What I don’t get is how the rich are responsible for this. The costs of running a small company 401(k) plan can be onerous. There are a lot of small business owners who would love to offer a retirement plan but don’t because of the cost and the red tape, much of which are government imposed. There are a number of vendors who are moving in the direction of offering low cost plans so hopefully this will make a dent in that statistic.

If you really want to do something check out this link and write your elected representative expressing your support for the proposed Fiduciary Standard. though you might have to give your real name.

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