The retirement savings landscape is changing. Can Idaho help make it easier?
Just 36% of working Americans think their retirement savings are on track, according to the Federal Reserve. A full quarter of American workers haven't saved a dime. In Idaho, the statistics are just as grim. An Idaho state Office of Performance Evaluation report found this year that just four in 10 Idaho private-sector workers have a retirement plan at work — and the smaller the business, the less likely it is to provide one. Yet studies show that this kind of payroll deduction has a significant impact on a person's retirement savings.
Angela Antonelli, Georgetown University Center for Retirement Initiatives
Lupe Wissel, State Director, AARP Idaho
Pam Eaton, Idaho Retailers Association and Idaho Lodging Association