© 2024 WYPR
WYPR 88.1 FM Baltimore WYPF 88.1 FM Frederick WYPO 106.9 FM Ocean City
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Retirement Non-Savings

Mr Ehater/flickr

According to new research conducted by the Census Bureau, fewer than one-third of Americans are saving money in the 401k and other workplace retirement accounts. This research is based on an analysis of tax records. This is shocking since nearly 80 percent of Americans work for an employer that offers retirement programs, whether a 401K or a 403B or something else. Only 32 percent of workers sign up for such accounts.  

Anirban has the rest of the story. 

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.