More Retirement Saving for More Americans

Last updated on July 29, 2022

The U.S. Chamber of Commerce and American Association of Retired Persons (AARP) are pushing for improvements in retirement savings for all Americans. Millions of Americans live without any retirement savings or have insufficient retirement savings. It is expected that their number will increase in the near future as more people retire.

To find and implement solutions to this problem before they become monstrous, the U.S. Chamber of Commerce and the AARP have put forward solutions that can help Americans lead more secure lives after retirement.

There are various reasons that lead millions to go with little or no retirement savings. These include a lack of access to or avoidance of participating in a retirement plans, or inaccurate information about retirement savings.

To help Americans secure their future through retirement savings, the two organizations have asked politicians to plan, design, and implement practices that will help get more Americans enjoy the benefit of retirement savings.

Due to the unprecedented growth in the number of Americans who will be retiring soon, the problem needs immediate attention and concrete steps towards a solution.