Tag: Auto-IRA programs are closing the coverage gap
![Woman behind a piggy bank holding a lightbulb](https://crr.bc.edu/wp-content/uploads/2020/12/Woman-behind-a-piggy-bank-holding-a-lightbulb.jpeg)
Initiatives in California, Oregon, and Illinois show programs can work. Only about half of private sector workers are covered by employer-sponsored retirement savings plans at any given time, and few workers save without one. As a result, roughly a third of retired households are solely reliant on Social Security benefits for income, with many ending…