New Report Highlights Barriers To Retirement Savings & A New State Program That Could Bring Relief

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Heartland Alliance’s Social IMPACT Research Center’s newest report, Equitable Access to Secure Choice: Addressing the Barriers to Retirement Savings for Illinois Workers, shares the barriers many Illinoisans (especially low-income workers, women, immigrants and workers of color) face when it comes to saving for retirement.

“Illinois is among the first states to pass retirement savings legislation in the form of Secure Choice and while it’s a vital first step towards helping families in Illinois begin to build financial security, these considerations need to be made so that this program is successful for all workers.”

Heartland Alliance’s Social IMPACT Research Center’s newest report, Equitable Access to Secure Choice: Addressing the Barriers to Retirement Savings for Illinois Workers, shares the barriers many Illinoisans (especially low-income workers, women, immigrants and workers of color) face when it comes to saving for retirement. This report also examines what must be addressed in order for Illinois’ new retirement savings program, Secure Choice, to be accessible to all eligible workers.

Secure Choice looks to create an additional option for Illinois workers to save and gain more financial opportunity. If the program is successfully implemented, millions of Illinoisans who currently do not have access to workplace retirement plans will be impacted. The research in this report takes on key questions about the implementation of the Secure Choice Plan to help ensure that the program is addressing barriers to participation, especially among low-income workers, women, immigrants and workers of color.

See the full press release for findings and more.

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Amber Cason
Heartland Alliance
+1 (312) 870-4960
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