Tag: retirement plan participation
Abstract About half of private sector workers in the United States do not participate in an employer-sponsored retirement plan at their current job. To fill the gap, a number of state governments around the country have recently launched initiatives to automatically enroll their uncovered workers in Individual Retirement Accounts (IRAs). This paper reports on t…
The thrust of a recent Investment Company Institute (ICI) study – “Who Participates in Retirement Plans, 2016” – seems to be “Don’t worry if young people and others aren’t saving for retirement. Retirement saving isn’t high on their agenda. They will start saving when they feel they need to.” This sanguine assessment of participation in…