The vast majority of U.S. households — regardless of demographic and financial characteristics — overwhelmingly support preserving the nation’s current tax incentives to encourage retirement savings. That’s one of the key findings of a new study released Tuesday by the Investment Company Institute.
The study found that 85% of U.S. households believe that retirement savings tax incentives should be maintained with 83% opposed to any reduction in the workers’ account contribution limits. “It is clear that the current tax incentives to encourage Americans to build a nest egg in retirement accounts are effective and command the overwhelming support of the American public,” ICI president and CEO Paul Schott Stevens said in a statement.
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