By approving the legislation – which should be signed into law as soon as possible by Gov. Pat Quinn – Illinois lawmakers took a bold and responsible step toward heading off what some experts say is a looming economic crisis in the United States.
Nearly 40 percent of Americans aren’t saving for retirement, and only 35 percent feel prepared for their long-term financial future statistics show. Many of them are low-wage workers who have no access to an employee-sponsored retirement plan and, thus, no way to have retirement savings automatically deducted from paychecks and put into an investment fund.