CNBC
•86% Informative
Tax incentives to save in work retirement plans reduce federal tax revenue and don't meanfully change saving behavior, economists argue.
Limiting those perks can free up funds to shore up Soc Social Security hey argue.
But the plan has plenty of critics, including one economist wh Social Security's te of money.
401(k)s have an advantage because the the next decade by an employer, who picks a plan provider and default inv the Center for Retirement Research inc Boston College e not as popular as 401(ks) plans.
401(K)s encourage participation through automatic enrollment, which tends to have a bigger effect than the tax incentives. Andrew Biggs ummaryFeed_highLightT the American Enterprise Institute lass="summaryFeed_highLightTe Alicia Munnell (k)s < the Center for Retirement Research ext__NxlGi">401(k)s Biggs s="su Munnell ed_highLightTex Michael Wicklein /span> the Federal Reserve Bank lGi">Munnell This White House Star Magazine Social Security class 2024 mmaryFeed_highLightText__NxlGi">Clinton Treasury 69,000 n cl 2024 "summaryFeed_highLight 50 xt__NxlGi">the 1990s
VR Score
89
Informative language
89
Neutral language
65
Article tone
semi-formal
Language
English
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50
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Time-value
short-lived
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