Spending bill aids retirees, and boosts financial industry

has been billed as a dramatic step toward shoring up retirement accounts of millions of U.S. workers. But the real windfall may go to a far more secure group: the financial services industry.

But as with so many far-reaching spending bills that get little public consideration, provisions of the legislation also benefit corporate interests with a strong financial interest in the outcome.“Some of these provisions are good and we want to help people who want to save — but this is a huge boon to the financial services industry,” said Monique Morrissey, an economist at the liberal Economic Policy Institute in Washington.

A representative from BlackRock declined to comment, and Pacific Life, the Business Roundtable and American Council of Life Insurers did not respond to Associated Press requests for comment. The disclosure forms require only minimal information about the outcome the lobbyists sought.

What about the pensions stolen in the last 30 years by equity raiders, hostile takeovers & the biggest mergers in history. Is Blackrock is calling the shots ?

Maybe the retirement accounts of Raytheon and Lockheed c-suite

I’m paralyzed and I’m trying to raise money to help me get treatments to help me walk again. Can you help please share and donate to help give me a chance please. Anything will help please

I, with the Holy Spirit, leave the Church of God is Love to teach the salvation of tithing food And as Daniel Berg left the Baptist Church and Charles Russel left the Methodist and Ellen White and Francescon left the Presbyterian

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Spending bill aids retirees, and boosts financial industryU.S. Census data show that roughly half of Americans are saving for their retirement. In 2020, 58% of working-age baby boomers owned at least one type of retirement account, followed by 56% of Gen X-ers, 49% of millennials and 7.7% of Gen Z-ers. This is why social security should be abolished. People could earn more with that money themselves and be certain it will be there when they retire. This sounds to me like a backhanded way to get the government to pay off the student loan debt without having to get the congress to approve it.
Fuente: cleveland19news - 🏆 70. / 68 Leer más »