EIG Media Contact: Reuben Francis | [email protected]
Washington, D.C. – The Economic Innovation Group (EIG) released the following statement in response to the Trump administration’s executive order to expand access to retirement savings accounts for workers without employer-sponsored plans:
“EIG applauds the president’s efforts to improve the financial security of the 54 million American workers that lack access to employer-sponsored retirement benefits,” said John Lettieri, President and CEO of the Economic Innovation Group. “This executive order is an important first step in addressing the fundamental flaw in the U.S. retirement system, which has left too many workers behind. We now urge Congress to enact legislation codifying key elements of the order and expanding upon it with features like automatic enrollment of eligible workers and expanded access to matching benefits. To that end, EIG strongly supports the bipartisan, bicameral Retirement Savings for Americans Act, which provides an ideal starting point for congressional action.”
EIG’s research has consistently documented the scale of the retirement access gap, with 54 million American workers lacking access to an employer-sponsored retirement plan, including roughly four out of every five workers in the bottom 10 percent by income.
Read EIG’s new Q&A on what the executive order does and what comes next here, and learn more about the Retirement Savings for Americans Act and EIG’s research on retirement access here.
About the Economic Innovation Group (EIG)
The Economic Innovation Group (EIG) is a bipartisan public policy organization dedicated to forging a more dynamic and inclusive American economy. Headquartered in Washington, DC, EIG produces nationally-recognized research and works with policymakers to develop ideas that empower workers, entrepreneurs, and communities.
