Hi everybody. Over the past seven years, we haven't just been recovering from crisis, we've been rebuilding our economy on a new foundation for growth-growth that benefits everybody, not just folks at the top. Our businesses have created jobs for 73 straight months-14.4 million new jobs in all. We've covered another 20 million Americans with health insurance. We've helped more Americans afford college, and invested in industries that create good jobs that pay well, like clean energy. And wages are finally rising again.
But there will always be more work to do. And this week, my Administration took two big steps that will help make sure your hard work is rewarded, and that everybody plays by the same rules.
First, we're helping1 more Americans retire with security and dignity. Right now, if you go to a retirement2 advisor3 for investment advice, some of them don't have to act in your best interest. Instead of telling you the best way to save your hard-earned money, these advisors4 can get backdoor payments from big companies for steering5 you toward investments that cost more and earn you less. As a result, when you retire, you might be missing out on tens of thousands of dollars-because your advisor got paid more to give you bad advice.
If that seems wrong, that's because it is. That