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Automatic: Changing the Way America Saves

William G. Gale, J. Mark Iwry, David C. John, Lina Walker




[PDF.rs47] Automatic: Changing the Way America Saves

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 | #4262205 in eBooks |  2011-12-01 |  2011-12-01 | File type: PDF

||About the Author|

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William G. Gale holds the Arjay and Frances Miller Chair in Federal Economic Policy at the Brookings Institution and is also director of The Retirement Security Project. J. Mark Iwry is senior adviser to the secre

Automatic offers an innovative new way to think about how Americans can save for retirement.

Over the past quarter century, America's pension system has shifted away from defined benefit plans and toward defined contribution savings programs such as 401(k)s and IRAs. There is much to be done to improve the defined contribution system. Many workers fail to participate and those who do often contribute too little, invest the funds poorly, and are not ...

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