It's a system that's worked wonders for credit card holders – but would a cash-back rewards scheme make it easier for participants to add to their 401(k) balances as well?
The new SaverNation program might seek to do just that, setting up a system where participants would see a percentage of their daily consumer expenditures automatically go towards their 401(k) savings plans.
If it were implemented, it might provide a long-awaited way for participants to make serious strides in their retirement savings, without having to gamble on deferring a portion of their paycheck, especially with continued financial troubles.
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