Most people realize that they should be preparing for retirement, but it is often difficult because they have more immediate concerns, like paying the bills and putting food on the table. And people are frequently overwhelmed by the complexity of the financial decisions they have to make. 19 However, when saving is easy and automatic, people are much more likely to put money aside. By ensuring that every American has access to a retirement plan at work and making participation automatic, we can drastically reduce the retirement income deficit and promote retirement security
