IRAs didn't adequately replace pensions eitherBy Alex Rowell, Brendan Duke / Talk Poverty
Eighty-seven percent of workers lack paid family leave, including the vast majority of low-income workers. Fortunately, some conservatives have offered a bold new solution: pregnancy IRAs.
That’s right. In an apparent attempt to cement the United States’ status as the last industrialized nation on Earth without paid family leave, the Independent Women’s Forum proposed a system of Personal Care Accounts (PCAs) in which workers would save for their own paid leave based on the same 401(k) model that has left millions at risk of an insecure retirement.