Nearly 50 million Americans – disproportionately, people of color — do not have access to a retirement savings account at work. And for millions who do have access to a workplace retirement savings account, their 401(k) is their only form of savings.
The economic crisis caused by COVID-19 is forcing many to ask critical questions about the retirement savings system in the US. Why doesn’t every American have access to a tax-advantaged savings account to invest and grow their money? What amount of liquidity is the right amount– for emergencies both big and small? How do we create accessible retirement benefits — regardless of who people are, where they work, or how much they get paid?
Join leading thinkers across the retirement ecosystem, from business leaders to policymakers, as they discuss why COVID-19 may finally be the moment to create the fully inclusive and equitable savings system that Americans deserve.
The Aspen Institute Financial Security Program’s work on retirement savings is made possible with support from AARP, MetLife Foundation, JPMorgan Asset Management, and Prudential.
Join us for a lively series—and don’t forget to sign up for the Aspen Institute Financial Security Program Newsletter.
This event is part of the Conversations in Financial Security in Response to COVID-19: How to Triage, Recover, and Stabilize series, an ongoing digital event series hosted by the Aspen Institute Financial Security Program that works to triage the immediate effects of the current pandemic, design solutions allowing households to recover, and address the structural challenges to stabilize financial security at the household level.