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Analysis of the Retirement Savings for Americans Act
General Information
Title
Analysis of the Retirement Savings for Americans Act
Author
Carter C. Price, Jeffrey B. Wenger, Philip Armour, Matthew B. Forbes, Hsin Sheng Ma
Publication Type
Working paper
Outlet
RAND Working Paper
Year
2025
Abstract
The Retirement Savings for Americans Act (RSAA) proposes to provide retirement savings plans for more than 60 million Americans without a plan through their employer. The authors of this study describe four base scenarios and one alternative structure. Low-income RSAA participants could see substantial increased savings by retirement. Cost estimates vary conditional on behavioral assumptions, including whether firms drop their existing retirement plans.