Tag: retirement savings
The brief’s key findings are: Student debt nearly tripled in real terms from 2005 to 2017, creating a financial burden that could potentially hamper retirement saving by young adults. The analysis looked at the impact of student debt on 401(k) participation and assets for young workers who attended college, both graduates and non-graduates. The results…
Simple model suggests more saving, but real world frictions likely to produce less saving. For the record, we would not be discussing shifting from traditional to Roth 401(k)s except that Congress is looking for additional revenue to offset its proposed tax cuts over the next 10 years, the timeframe used for considering legislation. As background,…
