Americans will soon be able to save a lot more for retirement — but it might help the wealthy the most

Dec 20 2022 by Business Insider

 

(Photo by Xu Jinbai/VCG via Getty Images)

Congress released the text of its new government spending bill. It includes changes to Americans' retirement savings, like raising the age of required withdrawal. But some advocates say these changes would benefit the wealthiest.

Americans might be able to retire with more money in their savings accounts — but it probably won't help the people who need it most.

On Tuesday, the House appropriations committee released over 4,000 pages of text on its...

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