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Smaller employers would be eligible for a new auto-IRA tax credit, making this requirement essentially costless to implement.
Heres how the legislation may impact retirement savings in 2025.
This is despite evidence inflation is cooling.
Most Americans (77%) agree that state-facilitated retirement savings programs are a good idea.
There is high support across party and generational lines, with support highest among Millennials (79%).
Across America, many states are experiencing a retirement savings crisis.
For example, in Connecticut, 600,000 working people in private industries still have no access to retirement plans.
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