2019 Missouri Retirement Savings Program Survey Economic Security and Work

Missouri Voters Would Support State Retirement Savings Program

2019 Missouri Retirement Savings Program Survey

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A financially secure retirement is out of reach for millions of American workers and small business owners. Retirement savings plans can be costly to operate and challenging to manage, leaving many workers and small business owners without access to a plan. To help workers better prepare for their retirement, AARP is supporting states' efforts to create and implement a state retirement savings option. Such an option would enable businesses to offer employees a way to save out of their regular paycheck. These public-private managed programs would be easy for employers to set up with low costs and low risks to the employer and the state.

Top Findings

Most Missouri voters (83%) agree that state lawmakers should support legislation that helps workers save for retirement. Nearly two-thirds of Missouri voters (64%) are anxious about having enough money to live comfortably during their retirement years, and half (51%) are behind schedule in planning and saving for retirement. About one in six registered voters (17%) say their employer does not offer a retirement savings plan, and most (79%) would likely enroll in one if offered.

Methodology

This phone survey of 601 registered voters in Missouri ages 25 to 64 was commissioned by AARP in Missouri to gauge the support of registered voters in the state for a state retirement savings program. The sample was drawn from a list of registered voters. Half (300) of the interviews were conducted via landline phone and half (301) were conducted via cell phone. The was fielded in July 2019. All data are weighted by age, gender, and race/ethnicity according to the June 2019 Missouri state voter database statistics. For more information, please contact Jennifer Sauer at . For media inquiries, please contact . Suggested citation: Sauer, Jennifer. 2019 Missouri Retirement Savings Program Survey. Washington, DC: AARP Research, December 2019.

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About three in five older workers (61%) have either seen or experienced age discrimination in the workplace.

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