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WASHINGTON—A new AARP survey of voters ages 25+ found an overwhelming majority (92%) agree that elected officials should support legislation that makes it easier for all workers to save for retirement from their paycheck. Further, 91% of voters support establishing a program if their employer does not currently offer them a way to save. More than 50 million American workers have no access to a retirement savings plan through their employers and more than a quarter (26%) of non-retired people have no retirement savings.
“America’s retirement savings crisis is causing too many families to fall short. Voters overwhelmingly support legislation that will make it easier to save for retirement,” said Nancy LeaMond, AARP Executive Vice President and Chief Advocacy & Engagement Officer. “Congress has an opportunity to help Americans secure their financial future by enacting federal Automatic IRA legislation. The time to act is now.”
Previous AARP research found that Americans are 15 times more likely to save for retirement when they can do so at work and are 20 times more likely if their workplace savings plan is automatic.
Additional Survey Findings:
This AARP survey of registered voters ages 25+ was conducted by SSRS from September 22 through September 29, 2021, via the probability-based SSRS Opinion Panel, with 944 respondents completing the survey online and 66 completing the survey by phone. The confidence interval for the total sample is ± 3.9%.
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AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age. With a nationwide presence and nearly 38 million members, AARP strengthens communities and advocates for what matters most to families: health security, financial stability and personal fulfillment. AARP also produces the nation's largest circulation publications: AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org, www.aarp.org/espanol or follow @AARP, @AARPenEspanol and @AARPadvocates, @AliadosAdelante on social media.