Individual retirement accounts aren’t attracting enough of the right individuals
Individual retirement accounts aren’t attracting enough of the right individuals
We are not a nation of savers. Not even close. The average working household has virtually no retirement savings, according to the National Institute on Retirement. Some of us who do — and it’s not a big group — have employer- sponsored savings programs like 401(k)s, where money is deducted from your paycheck pre-tax. Decades ago, IRAs, or individual retirement accounts, were created to give that opportunity to everybody. But now comes news from the Center for Retirement Research at Boston College that IRAs aren’t being embraced by the people they were most intended to help.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
