Trump Ends Obama-Era Retirement Savings Program For Low-Income Americans
Trump Ends Obama-Era Retirement Savings Program For Low-Income Americans Trump takes away retirement program for poor Americans. The Trump Treasury Department announced on Friday that it will end an Obama-era savings program aimed at designed to help low-income workers save money for retirement. The Treasury Department said demand was low and the cost was high for the myRA program, which was rolled out nationwide by the Obama Administration in 2015 to provide an option for those without employer-based retirement plans. Since it was created, participants have opened about 20,000 accounts and deposited $34 million with the myRA program. There...
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