Umbrella protecting from rain The very existence of separate rainy-day accounts enforces discipline in recognizing what savings can and can’t do. (Image: Shutterstock)

People are having a tough time saving—for health care, for retirement, for emergencies—especially since so many are living paycheck to paycheck and bending under the weight of student debt, credit cards and other financial obligations.

Retirement in particular is endangered by employees’ failure to save, since in times of financial trouble they tend to turn to their retirement accounts (if they have any) for a financial bailout. In fact, according to a study from the National Bureau of Economic Research, for every dollar that manages to make it into a 401(k) or similar account, between thirty and forty cents “leaks out before retirement.”

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

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical 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

Already have an account?

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

More from this author


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.