Many U.S. Workers Have Low Levels of Savings

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Many U.S. Workers Have Low Levels of Savings

  • U.S. continues to have a low personal saving rate

  • Hard to know exactly but it appears that many workers are not saving enough for retirement

    • For example, participation in individual retirement accounts (IRA’s) not widespread, with less than 3 percent of tax filers reporting contributions to IRAs in 2001