The Importance of Auto Features in Promoting Retirement Savings

Brigitte C. Madrian, Harvard University and National Bureau of Economic Research

Published October 01, 2014

A state-sponsored retirement savings plan could help millions of private-sector workers who are not covered by an employer plan build financial security. Several features will help a plan become more effective and produce more secure retirements. This report discusses how automatic enrollment and escalation can increase both participation and savings.

This and related reports:

Staff Contact: David John, djohn@aarp.org, 202 434-3865

MORE FROM AARP

The Importance of Auto Features in Promoting Retirement Savings

A state-sponsored retirement savings plan could help millions of private-sector workers who are not covered by an employer plan build financial security.

Job Loss, Health Problems Worsen Debt Among Adults 50+

A new AARP survey on debt among adults 50+ reveals that crises such as job loss, health problems, and the high cost of living can worsen debt problems.

Saving for Retirement Is a Struggle for Older Chicagoans

Three quarters of metro Chicago residents ages 45 and older are anxious they aren’t saving enough to live comfortably in retirement, AARP found.

A man and a woman chatting in a conference room filled with attendees.

AARP & the US Chamber of Commerce Present: Emergency Savings: Where We Are and the Way Forward

AARP and the U.S. Chamber of Commerce are excited to present a one-day, in-person conference titled Emergency Savings: Where We Are and the Way Forward.

Priority Issues for U.S. Women Age 45+

Reports on questions pertaining to the financial standing, security, and future of American women 45-plus, asked as part of AARP Research's larger Vital Voices research.