Choosing Not to Choose

An analysis conducted in 2000 found that workers, particularly low-wage and minority employees, were more likely to participate in a 401(k) plan when they were automatically enrolled in one, and that most preferred using a default option set up by their company rather than fashioning the details of the plan themselves.

Choosing Not to Choose

SOURCE: Brigitte C. Madrian and Dennis F. Shea | The Washington Post


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