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Kiplinger
Kiplinger
Business
Romi Savova

Americans Need Help Saving for Retirement: Will the New IRA Program (and a $1,000 Contribution) Be Enough?

(Image credit: Getty Images)

As many as 40% of retirees survive entirely on Social Security. In 2026 numbers, that is roughly $2,000 a month to support housing, gas, food, utilities and medical expenses.

The problem starts decades before retirement: 56 million Americans currently lack access to any employer-sponsored retirement plan. Without auto-enrollment or matching contributions, these workers are left to navigate a complex system alone.

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