Failed Policy — The 401(k) Shrinks In A Growing Economy

September 5th, 2013 12:04 pm 
David Cay Johnston

Disturbing new evidence that government policies are propelling us toward a poorer future turns up in a first-ever government examination of retirement savings plans like 401(k)s.

The report, from the Internal Revenue Service, shows that even though the economy is improving, the number of workers saving out of their paychecks for old age is shrinking. So is the amount they save, down 6 percent in real terms from 2008 to 2010.