The program’s reported opt-out rate as of December 2023 was just under 40 percent and participating workers were saving about $135 a month on average—with more than $1,100 saved on average per account.
The fierce urgency of NOW is characteristic of today’s politics and society. It seems to be the flip side of kicking-the-can. It’s typical of infants and children; too few adults (including those who govern others) have grown out of it. “Studies show that delayed gratification is one of the most effective personal traits of successful people. People who learn how to manage their need to be satisfied in the moment thrive more in their careers, relationships, health, and finances than people who give in to it.” Secure Choice is another example of expenditure of much time and effort and money… Read more »
mqyl
2 years ago
IL encouraging particularly lower-income Illinoisans to open IRAs reminded me of IL giving lower-income Illinoisans rebates to buy new EVs. These IL pols sure understand the problems of their lower-income residents. Let them eat cake!
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The fierce urgency of NOW is characteristic of today’s politics and society. It seems to be the flip side of kicking-the-can. It’s typical of infants and children; too few adults (including those who govern others) have grown out of it. “Studies show that delayed gratification is one of the most effective personal traits of successful people. People who learn how to manage their need to be satisfied in the moment thrive more in their careers, relationships, health, and finances than people who give in to it.” Secure Choice is another example of expenditure of much time and effort and money… Read more »
IL encouraging particularly lower-income Illinoisans to open IRAs reminded me of IL giving lower-income Illinoisans rebates to buy new EVs. These IL pols sure understand the problems of their lower-income residents. Let them eat cake!