Limited assets: most states have regulations that shut out low-income workers from retirement savings.
Colorlines Magazine › Vol. 9 Nbr. 1, March 2006
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Limited assets: most states have regulations that shut out low-income workers from retirement savings.
Millions of working poor who rely on food stamps, Medicaid and other forms of public assistance are liquidating their savings or abstaining from employer-sponsored retirement plans in order to meet average state guidelines limiting household savings to $3,000 or less.
[ILLUSTRATION OMITTED] Low-income workers hit hardest by household savings limits in 47 states live near...See the full content of this document
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