Retirement savings are an important source of income and financial stability for older adults. With the decline in availability of defined-benefit pensions, retirement savings are the main way retired adults augment Social Security benefits. However, according to the Employee Benefit Research Institute, only 66% of workers in medium and large businesses—and 33% of workers in small businesses—participate in employer-provided retirement plans. As a result, after retiring, more than half of U.S. households and two-thirds of low-income households will not have the income to maintain their pre-retirement standard of living, according to the Center for Retirement Research. States can implement Automatic Individual Retirement Accounts (Auto-IRAs) as a state-administered alternative for workers who have no access to an employer-based retirement plan. At the federal level, myRA removes barriers to retirement savings by creating a basic, no-fee Treasury bond purchased directly through a worker’s payroll deductions.