As Washington, DC, and state leaders focus on changes to how retirement advice is given and received, these numbers should be kept in mind. There is already a retirement savings crisis. It is important it not be made worse.
As to why people are not saving, the survey found that:
Nearly half of consumers said they aren't planning to contribute to an IRA because they can't afford to, and only a quarter of Americans have worked with a financial professional to plan for retirement, the survey found.These answers suggests any proposals that make savings more expensive or experts harder to find move us in the wrong direction.
