Bloomberg Law
Aug. 4, 2021, 9:30 AM

Support Builds to Make Every U.S. Worker Save for Retirement

Austin R. Ramsey
Austin R. Ramsey

Efforts to require automatic workplace retirement savings in Oregon, California, and Illinois were so successful that now the pressure is on Congress to include mandatory coverage and a tax credit in a broad retirement savings proposal for the U.S.

Nearly one in four working-age Americans aren’t saving for retirement, and those who are say they aren’t saving enough, according to a PwC analysis earlier this year. Congress took a stab at closing that retirement gap in 2019 with legislation designed to make it easier for businesses to establish voluntary 401(k)-style plans; research has shown that workers are overwhelmingly more likely ...

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