“Workers are most likely to save for retirement if they have access to a workplace savings plan and are automatically enrolled in that plan.”

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Meaning

This makes a practical case for how retirement saving actually happens, less through abstract advice and more through structures that make participation easy. It points to the idea that defaults matter, and that workplace systems can help people save who might otherwise delay or opt out. It lands in any discussion about employee benefits, especially when the question is how to make long term saving ordinary rather than aspirational.

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Originally said in English.

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About Tom Perez

American politician and attorney

Thomas Edward Perez is an American politician and attorney. He served in senior roles in the Obama and Biden administrations, and from 2023 to 2025 he was senior advisor to President Joe Biden and director of the White House Office of Intergovernmental Affairs. Perez earlier served as U.S. secretary of labor from 2013 to 2017, chair of the Democratic National Committee from 2017 to 2021, and U.S. Assistant Attorney General for Civil Rights from 2009 to 2013. His public work has centered on labor, civil rights, and political leadership.

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