Vanguard recently released the 2025 edition of their How America Saves report. The report looks at the behavior of more than 5 million participants in employer-sponsored Vanguard retirement plans.
Over the years of reading this report, I’ve come to think of the combination of “employer-sponsored plan with automatic enrollment and a target-date fund as the default investment option” as on par with index funds in terms of the dramatic improvement they’ve provided to the typical investor, relative to what dominated previously.
On the most recent episode of the Bogleheads on Investing podcast, Rick Ferri interviewed Vanguard’s Jeff Clark, who authored the report:
Other Recommended Reading
- “Filing Relief for Natural Disasters Act” Passes with Bipartisan Support, Allowing Tax Relief When State Declares a Disaster from Martha Waggoner
- Tax Deductions: Above-the-Line, Itemized, and Neither from Harry Sit
- $1,000 Charity Donation Deduction in the 2025 Trump Tax Law from Harry Sit
- Deductible Car Loan Interest in the New 2025 Trump Tax Law from Harry Sit
- Wall Street is Challenging the Low-Cost-Investing Revolution from Nir Kaissar
- Going to Extremes from Adam Grossman
- Trump Accounts — What to Know About This ‘Baby Bonus’ from the One Big Beautiful Bill from Jim Dahle
- The Ovarian Lottery from Ben Carlson
Thanks for reading!
Hi. I'm Mike Piper, the author of this blog. I'm 
