Grow It Goal 3
Families build retirement-restricted financial assets.

Common Sense
  • Adequate retirement assets contribute to family and community stability over the long term because they reduce the amount that younger family members and government must spend on care for elders.
  • People often do not know about—or do not take advantage of—retirement contribution options available to them.
  • Personal contributions to retirement are becoming a larger portion of retirement security.
  • Retirement-restricted savings grow faster because of tax advantages.

Fast Facts
  • Nearly half of American workers—or 75 million workers—have no employer-sponsored savings plan. REF
  • Only 36% of workers participate in a “defined contribution-style savings plan.” REF
  • It is estimated that 37% of workers will have no plan savings when they reach retirement age—and that number increases to 63% among younger and low-income workers. REF

Check out related Action Ideas and Alerts below! Or view other Grow It goals here.

Rural IDAs

Earning It isn’t enough to lift families out of poverty—they have to Keep It and Grow It too. Individual Development Accounts (IDAs) are one of the most successful and tested ways to help families Keep It and Grow It. But there are special challenges and opportunities when you start and run an IDA program in a rural place. The basics […]

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