homeWelcome, sign in or click here to subscribe.login
     


 

 

Money


Subscriber content preview

June 21, 2022

Savings incentives: 401(k)s get us to do the right thing

  • The plans use a simple human trait to guide us: our inclination to do nothing.
  • By STAN CHOE
    AP Business Writer

    NEW YORK (AP) — More workers are following experts' advice in saving for retirement, even when finances feel precarious. It's happening because 401(k) plans are using a simple human trait to guide us: our inclination to do nothing.

    More workers are putting more money into their 401(k) accounts, and they're more often putting it into a reasonable mix of investments. That's according to Vanguard's latest look at the nearly 5 million accounts of 401(k) and similar plans that it keeps records on.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.