Faculty Publications

Title

Can Obama's New myRA Improve America's Savings Habits?

Document Type

Article

Publication Date

11-5-2015

Abstract

The Treasury Department announced on Wednesday that the myRA has concluded its pilot program and will now be available nationwide. Designed to be a starter savings vehicle for middle and low income individuals that do not have access to an employer sponsored retirement plan like a 401(k) or pension, the myRA was introduced by President Obama during his 2014 State of the Union Address.