The U.S. has a voluntary retirement savings system.
But most IRA funds aren't contributed directly — they were first saved in a workplace retirement plan and then rolled into an IRA.
1 issue," Will Hansen, chief government affairs officer at the American Retirement Association, a trade group, said of workplace retirement savings.
"[However], the retirement system is actually a good system for those who have access," Hansen said.
In such cases, it may not be fair to place primary blame on the structure of the U.S. retirement system, Hansen said.