Past efforts to boost retirement savings of low-income household have not been successful, according to Penn Wharton, which just released its new illustrative plan to boost retirement for these households, designed to not burden employers with higher administrative costs or contributions.
The Penn Wharton Budget Model (PWBM) is a new policy created by the Wharton School of the University of Pennsylvania in response to policymaker questions that could create automatic retirement savings accounts for more than 56 million low-income Americans by 2030.
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