background_fid (1).jpg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Thank you to all who have contributed to our Fall Drive! If you missed it, you can still donate here!

Administration Proposes Changes to Encourage Savings

The White House proposes major changes to encourage individuals to save more money toward retirement. The plan would replace Individual Retirement Accounts with personal-savings accounts featuring higher allowable contributions. Critics say the proposals would increase federal deficits. NPR's Kathleen Schalch reports.

Copyright 2003 NPR

Kathleen Schalch
Kathleen Schalch is a general assignment reporter on NPR's national desk. Her coverage can be heard on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition.