Trostel’s study on retirement savings is cited by AARP
Professor Philip Trostel’s recent work on the benefits of saving for retirement has been cited by the Nevada AARP, illustrating that Nevada could save taxpayers $24,048,204 over the next 15 years by helping people save more of their own money for retirement.
Read the article: New Study: Nevada Could Save Over $24 Million by Helping Workers Save for Retirement
Trostel’s work was also cited in a factsheet which outlines fiscal savings for all states by helping people increase their own retirement savings. Research shows that when individuals save for retirement they are less likely to rely on public assistance programs later in life. According to the AARP, more than 30 states are considering creating retirement plans for private-sector workers whose employers do not already offer one.
Find the AARP factsheet: Nevada Could Save $24 Million by Helping People Save for Their Own Retirement