Working with a team from Arnold Ventures, the Blue Sky Consulting Group analyzed the potential for automatic savings programs for workers without access to a retirement plan through their employer. We explored the feasibility of these “Auto IRA” programs and identified strategies to help them work better and spread more widely. We also developed a 50 state feasibility model to help states without such a program quickly assess whether and how such a program would work in their region. Project lead Matthew Newman recently wrote a Commentary published in CalMatters discussing the potential for these programs.
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