Today One America News interviewed HLF’s president about the harm to minority communities that would result from a reinstatement of the so-called “fiduciary rule” that is being strongly considered by the U.S. Department of Labor.
HLF has a recent report that breaks down the rule’s effects, which would reduce the retirement savings of 2.7 million individuals with incomes below $100,000 by $140 billion over 10 years. And it would increase the wealth gap by a staggering 20 percent for Hispanic and Black Americans.
Watch:
