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The Administrative Costs of the Bush and Gore Proposals for Individual Accounts

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Publication Date: July 2000

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker

Topic: Banking and finance (Personal finance and saving)

Keywords: Administrative costs; Retirement savings; Stock prices

Type: Report

Coverage: United States

Abstract:

This report finds that both individual savings accounts plans proposed by presidential candidates Bush and Gore would lead to substantial administrative costs, which would be a large source of income to the financial industry.