Can Americans Learn to Save?

Back in the 20th century, investment gurus pointed out that most Americans want to be poor. (Why else would they have failed to save a nickel?)

In the early 21st century, only about half of all workers participate in formal retirement plans. To encourage greater coverage, a coalition of business, employer and retiree groups, the Conversation on Coverage, has come up with a bundle of ideas. They include

an annuity plan: The Guaranteed Account Plan (GAP)

a simplified defined benefit plan: The Plain Old Pension Plan (POPP)

a new, portable reitrement account: The Retirement Investment Account (RIA)

a multi-employer small business plan: The Model T Plan

See the group's report: Covering the Uncovered.