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How Much Might Automatic IRAs Improve Retirement Security for Low- and Moderate-Wage Workers?
Urban Institute
July 7, 2011
This brief examines the potential of automatic IRAs to improve retirement security for low- and moderate-wage workers. The results, based on the Urban Institute's microsimulation model, show that automatic IRAs can significantly increase retirement plan coverage and economic security for low-income retirees, at little cost to business or the federal government.
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