Nevada Small Business Owners Support State Retirement Savings Plan

This survey explored the opinions of 500 small business owners in Nevada on retirement saving issues. Small business owners surveyed strongly support a state retirement savings program and most agree that state elected officials should support legislation making it easier for workers to save for retirement.

More than half (56%) of small business owners were concern that their employees would not have enough money to cover their health care or living expenses when they retire, with over one in four (29%) saying they are very concerned. Most (76%) say they do not offer a retirement savings plan, largely because of cost, so a state program would be well received, and a majority of these business owners say they would take advantage of it.

Interviews were conducted November 19-27, 2018. The sample was drawn from a registered voter list. Half (250) of the interviews were conducted via landline phone and half (250) were conducted via cell phone. A total of 19,300 records were utilized to achieve a base sample of 500. All data are weighted by age and gender according to November 2018 Nevada voter database statistics.

For more information, please contact Jennifer Sauer at jsauer@aarp.org. For media inquiries, contact media@aarp.org.