Posted April 10, 2025
On Monday, Colorado State Treasurer Dave Young kicked off America Saves Week in Colorado, encouraging workers to prepare for a sustainable and dignified retirement with the Colorado SecureSavings Program.
“Whether you’re saving for retirement, building a nest egg, or preparing for emergencies, regularly contributing to a savings account is the best way to work toward your future goals,” said Dave Young, Colorado State Treasurer. “That’s why Colorado SecureSavings leverages automatic payroll deductions to make saving easy and convenient. About 75,000 employees have already saved $108 million and counting!”
Colorado SecureSavings is among the fastest-growing, state-facilitated auto-IRA retirement programs in the country. Launched by the Colorado Department of the Treasury in 2022, the program provides portable Roth IRAs for private sector workers and now boasts 16,600 participating companies from all 64 counties.
The program is successfully bridging the retirement savings gap in Colorado, affecting an estimated 930,000 employees. According to research from Georgetown University, private sector workers are much more likely to save for retirement if they have access to employer-sponsored retirement savings plans. Thanks to the growth of the Colorado SecureSavings program, Colorado is expanding coverage faster than other states.
The Department’s participation in America Saves Week amplifies a national campaign to increase financial literacy and encourage responsible saving strategies. America Saves Week collaborates with thousands of organizations to promote financial education, tools, and resources that encourage and empower individuals to examine their finances, set savings goals, and create plans to achieve financial stability.
Throughout the week, the Department will share savings messages on social media, highlighting the importance of saving automatically, building emergency funds, paying down debt as a savings strategy, and saving at any age. Programs like the Colorado SecureSavings Program and the Great Colorado Payback equip Coloradans with tools to help achieve their financial wellness goals. Watch and download Treasurer Young’s video message here.
