Welcome to the Jill on Money Podcast. Today it's a little bonus episode. I have been

completely obsessed with this idea of why retirement account values are not where they need to be.

I talked about it on CBS this morning this week.

In this morning's eye on money report a new report shows that American's retirement

savings they're not growing at the same pace of stocks which are again hovering

around record highs. The Center for Retirement Research Fines most workers have a 401k and IRA balances

that are substantially below their potential.

Over the last decade, the average 401k account grew.

The balance grew about 124% and during that same period the

Dowell skyrocketed 214% big difference between those two numbers

CBS News business analyst Jill Slessinger is here, tells why this is happening, why aren't they

keeping pace?

Well there's a few big problems structurally because remember the 401k it's pretty young it only came into existence in the early 80s

Real popular pickup not till the end of the 80s that means a lot of people who were in their 60s

They weren't saving in 401k for the first part of their career.

We also don't have a universal standard for saving for retirement.

It's not as if you go to one company and it's the same format for the next company. Many companies don't offer 401k's or retirement plans,

or they make it hard to participate,

maybe have eligibility requirements that are tough.

Are the retirement plans investing in the wrong things and that's why they're not growing as much?

No, it's clearly about participation and the real issue is that we have a participation problem that accounts

for the biggest lag. But the other part which is really

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