Washington, DC —  The New America Foundation’s Asset Building Program released a new report today that analyzes an innovative response to the looming U.S. retirement savings crisis – the California Secure Choice Retirement Savings Program, the nation’s first system to provide accounts for all private sector workers even if their employers choose not to offer one.

Washington, DC — Today, President Obama released his budget request for fiscal year 2014. Under the White House proposal, the United States is poised to spend $521 billion supporting wealth development — including home ownership, retirement security, and savings — through regressive tax subsidies that primarily accrue to those who are already wealthy, according to analysis by New America's Asset Building Program.

The Asset Building Program's analysis of the president's budget request finds that the federal government will allocate through the tax code:

William Elliott III, assistant professor in the School of Social Welfare at the University of Kansas, found that of high school students who expect to go to college, those with a custodial savings account in their name were six times more likely to actually attend.

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Hannah Emple, Policy analyst from the New America Foundation in Washington DC and author of “Bad To Worse, America’s Racial Wealth Gap” and Mark Potok, Senior fellow and editor of the “Intelligence Report” from the Southern Poverty Law Center will join the conversation this week. ...

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