America’s retirement savings system, which widely and successfully leverages automatic payroll deduction, is arguably one of the most successful at-scale financial tools – but not for everyone. At least 40 million American workers do not have access to a retirement savings program at work, 23 million workers have access to a workplace program but do not participate, and between $60-105 billion in savings are lost each year as workers cash out their accounts.
This winter, the Aspen Institute’s Financial Security Program and the Future of Work Initiative will host a two-part discussion series for leaders who seek to explore the untapped potential of digital and emerging technologies (e.g. automation, artificial intelligence, machine learning, and more) to improve the performance of today’s workplace retirement saving programs as currently structured – and possibly to reimagine our defined contribution savings system from within. By inviting the perspectives of a variety of diverse leaders from multiple sectors, we seek a fuller and more widely shared understanding of the potential of various technologies to deliver more efficient and effective workplace retirement savings, for savers, plan sponsors, and providers alike.
Learn more and register for the events
This discussion series is made possible with support from Cognizant.
- Re-Imagining Retirement Amid New Uncertainty 2020
- Portable Non-Employer Retirement Benefits: An Approach to Expanding Coverage for a 21st Century Workforce
- We Now See That Americans’ Lack of Emergency Savings is Dangerous, So We Need to Make Emergency Savings From Payroll As Automatic as Saving in a 401(k)
- Outdated Retirement Savings Technology Could be Harming Workers in America – But Providers and Plan Sponsors Have the Power to Fix It