"State governments are nicknamed “laboratories of democracy” for their trailblazing reputation for innovative policy ideas, but recently, a disturbing trend has developed among states. Lawmakers in several states have sought to implement regulatory schemes mirroring the Labor Department’s fiduciary standard, which is the Obama era regulation that has made it harder for average Americans to access investment advice. Nearly 33 percent of Americans have nothing saved for retirement, and this roadblock is likely to exacerbate the retirement savings crisis."
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