Sheraton Uptown, Albuquerque, NM, USA
Saturday, April 22 • 1:30pm - 3:00pm
B2C-Financial Futures: How Working Americans Prioritize Retirement Savings

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Understanding why many Americans do not save for retirement is a critical policy question. Research highlights the relatively low rates of access to and participation in employer-sponsored retirement plans. It is possible that Americans focus retirement savings elsewhere (e.g., IRAs), prioritize other savings first (e.g., home ownership), or concentrate on current finances (e.g., debt). Using survey data (n = 2,918), we examine attitudinal and behavioral measures to explore how working Americans prioritize retirement savings. We find that saving for retirement is important, but often liquid savings and debt are higher priorities. Preliminary analyses deviate in surprising ways: Income is rarely associated with prioritizing retirement savings. We posit that multifaceted policy interventions targeting short-term savings and education about retirement income needs are needed.

Speakers & Presenters

Andrew Blevins

Senior Policy Associate, The Pew Charitable Trusts

Theron Guzoto

Senior Associate, The Pew Charitable Trusts

John Scott

Director, The Pew Charitable Trusts
avatar for Alison Shelton

Alison Shelton

Senior Research Officer, The Pew Charitable Trusts
avatar for Sarah A. Spell

Sarah A. Spell

Senior Research Associate, The Pew Charitable Trusts

Saturday April 22, 2017 1:30pm - 3:00pm

Attendees (8)