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Encourage Retirement Savings, Say Texas Business Owners

AARP Survey of Small Business Owners in Texas

Texas State Capitol Building

This AARP survey explored the opinions of Texas small business owners or decision makers about employee benefits. Nearly three in four small business owners expressed concern as taxpayers that some Texas residents have not saved enough money for retirement. Most think that more should be done to encourage Texas residents to save for retirement. Almost half expressed concern about their employees not having enough money to cover health care or living expenses when they retire. 

Two-thirds of small business owners in Texas say they do not offer a retirement savings plan. Over half say they do not offer one because it's too costly, while a third say they are concerned about how complicated they are to operate. Most agree that being able to offer a voluntary, portable retirement savings option helps local small businesses attract and retain quality employees and stay competitive. 

Interviews were conducted between January 30–February 24, 2020. The sample of 501 small business owners or decision makers, including owner names and companies, came from a Dun & Bradstreet business list and is weighted to reflect the Dun & Bradstreet universe of businesses in Texas with 0–100 additional employees. 

For more information about this survey, please contact Lona Choi-Allum at For media inquiries, contact


Suggested citation:

Choi-Allum, Lona. AARP Survey of Small Business Owners in Texas. Washington, DC: AARP Research, March 2020.