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Workplace Plans Are Secretly Helping Americans Save
After 25 years of tracking American retirement savings, Vanguard’s latest report reveals a game-changing truth: it’s not lack of willpower or knowledge that’s holding people back—it’s how retirement plans are designed. Automatic enrollment, higher default contributions, and target-date funds have transformed saving into a system-wide success, boosting participation from 65% to 86% and average savings rates to 12.1%. With 69% now using professionally managed investments and only 2% making risky choices, smart defaults are guiding people toward better outcomes. Employers who start new hires at…
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