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Would a national retirement plan raise savings rates?
A recent survey found only about half of Americans have retirement accounts. But what if every worker was enrolled automatically in a retirement plan? According to a recent study by researchers from Princeton University and the Treasury Department, a national retirement savings plan would substantially raise the savings rate for low-income workers from 21 percent to 40 percent. Daniel de Vise reports on the study findings. Read Mr. de Vise’s article here…
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