Three times as many Americans put short-term savings for such goals as vacations or household appliances at the top of their priority list as those who save in an IRA for retirement. 

That's according to the fourth annual TIAA-CREF IRA survey, which also found that those short-term savers (24 percent of respondents) nearly equal the number of respondents (25 percent) who said they make saving in an employer-sponsored retirement plan like a 401(k) a top priority. And those folks who rate saving in an IRA at the top of the list? Just 8 percent of respondents. 

Only 18 percent of respondents said that they contribute at all to an IRA, although 56 percent of those who don't have one said they'd consider it. 

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.