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How Americans save for retirement - The Street
The general assumption for many years was that people who do not save for retirement lack the willpower to do it. However, according to the latest Vanguard study, “Its central conclusion rejects the conventional explanation for why so many people struggle to build adequate savings and points in an unexpected direction. The answer is not motivation, financial literacy, or even income level, but the structural design of workplace retirement plans themselves.” Dailola Esebame, writing for The Street, reports on how 25 years of data upends this major retirement myth. Read Mr. Esebame’s article here…
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