Question

The Bureau of Economic Statistics estimated that the average savings rate for U.S. citizens between 2006 and 2009 fluctuated between 2% and 6%. Since the typical person in 2009 made around $26,000, the typical savings per year is between $520 and $1,560. These figures include saving for home down payments, weddings, cars, education, and businesses, in addition to retirement. Why might government incentives for saving in IRAs and 401(k)s fail to encourage most people to save for retirement?

Answer 1

@JoannaBlackwelder

Answer 2

Social Security is not included in these figures and it provides an ample income for most people's retirement needs.
Most workers today are covered by pension plans, which are more popular than 401(k) plans in private businesses.
Tax breaks for retirement savings are not much of an incentive for people making less than $30,000 a year.
The government does not offer incentives to save in 401(k) plans or IRAs.

Answer 3

@sylbot

Answer 4

I would guess c

Answer 5

i got a close score 64

Answer 6

:(

Answer 7

what time you gonna be on later?

Answer 8

you sleepy?

Answer 9

Tomorrow probably.

Answer 10

Yeah, I was up til 4 am yesterday working...

Answer 11

wanna do another one im like halfway

Answer 12

I'm not sure what time.

Answer 13

its more easier

Answer 14

??

Answer 15

I can't tonight. I'm falling asleep.

Answer 16

Oh okay we do this tomorrow please be on

Answer 17

I'll try.

Answer 18

alright

Answer 19

Happy studies! :)

Answer 20

bye