Retirement with Dignity

Building on the Workforce Economic Inclusion and Mobility Project (2023–2025) and with support from the Prudential Foundation, the Retirement with Dignity Project seeks to examine the potential for and challenges associated with the Secure 2.0 Act’s provisions helping lower wage workers build retirement savings via defined contribution plans and other retirement-savings programs. The Secure 2.0 Act has the potential to benefit lower wage workers, but those benefits will be conditional on the extent to which workers can take advantage of them. The Retirement with Dignity study aims to assess the potential impacts (and pitfalls) of the Secure 2.0 Act on these workers by (a) understanding the needs and preferences of low-wage workers with respect to their retirement savings behaviors, (b) identifying low-wage workers’ awareness of, and engagement with, various provisions of the Secure 2.0 Act, and (c) highlighting the potential role employers can play in holistically promoting workers’ financial well-being and increasing the impact of the Secure 2.0 Act’s provisions.

Funding Partner: Prudential Foundation

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