Faculty Publications

Title

New Report Shows Credit Card Debt Is Hindering 401(k) Savings

Document Type

Article

Publication Date

8-24-2017

Abstract

A new research report from Schwab Retirement Plan Services highlights the dangers that debt and overspending pose for retirement savings. In a recent survey of roughly 1,000 workers with access to a 401(k) plan, only half of the respondents believed they were contributing to the 401(k) plan.