In July the U.S. Treasury announced the cancellation of myRA (my Retirement Account), a starter-retirement-savings product they launched in 2015 to help people without access to employer-sponsored retirement plans. The Treasury developed this product, under the Savings Bond authority of the government, in recognition of the growing retirement-savings crisis in the United States. It built […]
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New research by America Saves, in partnership with Artemis Strategy Group, explores who Committed Savers are, what triggered and/or accelerated their savings, what barriers they encountered in their savings journey, what steps they took to overcome these challenges, and how well they succeeded. Read the full press release and download the survey summary and data.
America has a saving problem. New savings research provides ideas on how to help, by providing three steps that can help motivate Americans to build a habit of saving.
The ants and the grasshopper: Who’s motivated to save? A brief discussion of retirement savings motivations and behaviors today, with a focus on current American saving trends.
The majority of Americans are feeling retirement financial anxiety. According to a landmark survey of 3,119 U.S. adults that we conducted for the Alliance for Lifetime Income, eight in ten non-retired Americans (80%) express anxiety that their savings may not provide enough to live on in retirement. Additional findings include the following: Americans are approaching […]
The second chapter of the Ameriprise Modern Money study, in which we asked today’s investors how they navigate their financial lives, was recently published. The research revealed that being a millionaire may not equate to perceptions of wealth — in fact, only 13 percent of people who have one million dollars or more in […]