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The U.S. Department of Labor has introduced a new rule aimed at protecting Americans' retirement savings by ensuring financial advisers act in the best interests of their clients. This regulation addresses concerns that advisers could prioritize their own financial gain over clients' benefits. The rule has sparked discussions among experts and stakeholders, reflecting a broader concern about the challenges facing retirees, including the sustainability of the welfare state as highlighted by the economic contributions and withdrawals of the baby-boomer generation.
Baby-boomers have paid in less and taken more from the welfare state than any generation before or since. Now the good times are coming to an end https://t.co/MxeFNvd8av 👇
Retirement confidence in the US ticks up; new rule for financial advisers is set to start https://t.co/wzUzGO67eJ
Pleased to share my latest out today w/ @ProSyn, examining "The Perils of Retirement in America," hope you'll have a look. @TheNewSchool @NSSRNews @NIRSonline @EBRI @EconomicPolicy @PensionRights @ProtectPensions @UChicagoPress #retirement #pensions #workers #SocialSecurity https://t.co/CxItOYipCG
