Even If Trump Spares 401(k)s, Saving for Retirement Is Still Broken in America

“Over the past nine months, President Trump and congressional Republicans have gone out of their way to make saving for retirement more difficult for workers who need the most help. This spring, Republicans invoked the Congressional Review Act—a law that had been used only once before this year—to undo an Obama administration rule critical in allowing states to offer their own plans to help private-sector workers save for retirement. The action will affect systems in several states—including California and Illinois—that automatically enroll private-sector workers in state-sponsored individual retirement accounts (IRAs) if their employers don’t offer retirement benefits.”