The other day, I read an article by an acclaimed writer who boldly admitted his private humiliation: he’s one of 47% of Americans the Fed reports would have trouble coming up with $400 to pay for an emergency. The article, “The Secret Shame of Middle-Class Americans” describes his personal financial struggles to keep up an image of prosperity, while quietly stressing about paying the bills.
FSR today joined a broad spectrum of financial services trade associations urging the U.S. House of Representatives to use its authority and disapprove of the Department of Labor’s (DoL) recently released fiduciary rule that could impact the ability of many Americans to save for retirement.
FSR today sent a letter to House Speaker Ryan and Democratic Leader Pelosi urging support for a bill that would increase the availability of flood policies for American homes and businesses.
FSR announced a new national employer today who is being recognized by the ‘Save 10’ coalition, which is a business to business, peer to peer effort encouraging responsible employers to help their employees better prepare for a secure retirement by enabling them to save 10 percent of their income.
On Tuesday, April 26, the Financial Services Roundtable (FSR) and its Save 10 coalition will host an event at Northern Trust Corp. headquarters in Chicago featuring leading employers and experts discussing how to help workers achieve financial success in retirement, while recognizing two national employers who are already doing it right.