Tag: NEST
![Photo of credit cards](https://crr.bc.edu/wp-content/uploads/2024/02/shutterstock_410714692.png)
In today’s world, workers need to save if they want to be comfortable in retirement. But there are also limits to what many people can afford. A new study finds that when U.K. workers were automatically enrolled and started contributing to a retirement savings plan, their household debt – credit cards, bank overdrafts, and other…
![Hourglass, eyeglass, pen and notebook written with RETIREMENT PLAN on white wooden background with sun flare](https://crr.bc.edu/wp-content/uploads/2023/07/Hourglass-eyeglass-pen-and-notebook-written-with-RETIREMENT-PLAN-on-white-wooden-background-with-sun-flare-1536x1024.jpeg)
Too bad we couldn’t go all the way and have auto-enrollment. We were looking at the United Kingdom’s ambitious retirement saving initiative when the President announced Treasury’s MyRA proposal last month. The UK initiative shares two key attributes with the MyRA – namely, safe investments for the new saver and a separate mechanism to administer…