The 2015 Oregon Small Business Owner Financial Security Survey was conducted as a telephone survey among business owners with 1-100 employees. The survey findings show many Oregon small business owners and decision makers see the value in saving for retirement. While many have their own personal retirement savings plan, many face challenges to providing a retirement savings plan to their employees. Cost is cited as the top reason small business owners do not provide a retirement plan. Most business owners agree that saving through work is important.
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Key findings include:
- Many small businesses in Oregon (those with 1-100 employees) see the value in saving for retirement.
- Three in four have a personal retirement savings plan, but many face challenges to providing a retirement savings plan to their employees.
- Three in five do not provide access to workplace retirement savings, with cost cited as the top reason for not providing a retirement plan.
- More than half support a state retirement savings plan that would help Oregon residents build their own private retirement savings.
- Almost two-thirds agree that Oregon should do more to encourage residents to save for retirement.
The 2015 Oregon Small Business Owner Financial Security Survey was conducted as a telephone survey among business owners with 1-100 employees. The survey examined opinions and experiences related to retirement savings issues. A total of 452 interviews were conducted by the American Institute of Consumer Students from March 8th to March 31st, 2015. The data was not weighted. For more information, contact Brittne Nelson at BNelson@aarp.org.
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