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In Response to myRA savings program?:
What do you think of The President's idea on the myRA savings program which he mentioned in the SOTU?
Seems some Senate Democrats are now defining the program a bit further.
Posted by GailL1
There are a lot of details to be expanded upon but it might have some viability although I do not see it being very beneficial based on the two cites you included.
At the lower incomes most people would not be able to put aside any amount since they need whatever they get for basic needs so this will not really help them.
I also do not believe that employers should be required to put any funds into the savings account. Maybe offer the employers an incentive to provide some funds but not require it.