💨 Abstract

Tim Kaine and Sen. Bill Cassidy reintroduced the Helping Young Americans Save for Retirement Act. The bipartisan bill aims to allow workers as young as 18 to access employer-sponsored retirement plans. Currently, many employers restrict retirement benefits to workers 21 and older due to regulatory and financial barriers. The legislation seeks to eliminate these barriers, enabling low-income and non-college-bound workers to start saving earlier and benefit from compound interest.

Courtesy: wtop.com