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Getting on The Savings Train

Posted By Jill Greenberg On November 8, 2007 @ 11:38 am In Money Talk | No Comments

Yesterday, Senator Barack Obama was out on the campaign trail [1]talking about economic security and he echoed his support for automatic IRAs. Not enough candidates are talking about what they can do to help American families build lifetime economic security; after all a key component to saving is saving at work and today 75 million people (too many) are not able to do this.
These two don’t have to be the only ones – the nine Democratic and Republican candidates who currently serve in Congress have a chance to show Americans they are committed to helping them save by co-sponsoring the Automatic IRA Act of 2007 [2] (S. 1141 and H.R. 2167).
Also, today the House Education and Labor Committee [3]is having a hearing on the very same topic, so hopefully it will gain more traction. By allowing people to save at work, almost two thirds of those I just talked about could get on the savings train.

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URLs in this post:

[1] out on the campaign trail : http://ap.google.com/article/ALeqM5hEx3tiPJhZQLVqjNmHR_oP6FZMuwD8SP3CH00

[2] Automatic IRA Act of 2007: http://www.govtrack.us/congress/bill.xpd?bill=s110-1141

[3] the House Education and Labor Committee : http://edworkforce.house.gov/

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