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auto-IRA programs

Coverage of auto-IRA programs in the Nexus archive.

Earliest in view: Jun 2 · 10:01 UTCMost recent: Jun 2 · 10:01 UTC
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  • BUSINESSJun 2 · 10:01 UTCPENNSYLVANIA CAPITAL-STAR
    Racial wealth gap widens as many workers of color lack retirement savings

    The racial wealth gap widened between 2019 and 2022, with white families holding significantly more wealth than Black and Hispanic families, largely due to disparities in retirement savings. State-sponsored automatic retirement programs, such as auto-IRAs, aim to address this by enrolling workers without employer-offered plans, with Minnesota, Hawaii, and Washington launching or planning such initiatives.