There is a general consensus among researchers and policymakers that matched savings programs can significantly increase the propensity to save among low-income households.
RETIREMENT SAVINGS There is strong support in both parties for expanding the individual retirement account and 401(k) retirement savings programs.
The automatic savings programs also had little effect on active savers' overall balances.
Financial services companies want to expand the individual retirement account and 401(k) retirement savings programs.
Employees are usually familiar with their company's health care plan and retirement savings programs.
Other papers have shown the inefficacy of tax breaks in increasing retirement savings and the power of automatic savings programs.
They include tax cuts for married couples, repeal of the federal estate tax and expansion of retirement savings programs.
The savings programs are known as 529 accounts, named for the section of the tax code that applies to them.
Members of both parties are eager to expand the popular individual retirement account and 401(k) savings programs.
Both have insisted that in return for German loan guarantees to euro-indebted countries, those governments must introduce radical savings programs.
The decline occurred as many companies replaced traditional pensions, which pay a predetermined annual benefit, with voluntary savings programs like the 401(k).
