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Living on a Budget
AARP South Dakota, May 5, 2010
The economic down turn decimated retirement accounts, costing older Americans billions. With the Senate set to take up financial reform, AARP is calling on congress to put consumers first, not the financial institutions.
AARP recently commissioned a statewide survey in South Dakota to understand public opinion on consumer financial protection issues. The results show nearly unanimous support for numerous consumer financial protections.
“Our recent polling shows that South Dakotans 50+, regardless of party affiliation, people want these protections and that now is the time for Congress to act.” added Jennings. “They want clear information so they can make better, more informed decisions and greater transparency about the financial products available to them. The Senate must act now to safeguard the pocketbooks of Americans”
Polling revealed broad agreement among Republicans, Democrats and Independents for a number of initiatives. Key findings include:
“AARP is calling on South Dakota’s senators to pass a strong bill that includes, among other protections, a strong and independent consumer watchdog, rules that forbid the financial industry from selling products they know their customers can’t afford or don’t understand, and greater transparency in an industry that has historically operated behind closed doors,” said Jennings.
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