Whereas people in the United States are living longer and the cost of retirement is increasing significantly; Whereas Social Security remains the bedrock of retirement income for the great majority of the people of the United States but was never intended by Congress to be the sole source of retirement income for families; Whereas recent data from the Employee Benefit Research Institute indicates that, in the United States— (1) only approximately 3/5 of workers or the spouses of those workers are saving for retirement; and (2) the amount that workers have saved for retirement is much less than the amount those workers need to adequately fund their retirement years; Whereas the financial literacy of workers in the United States is important so that those workers understand the need to save for retirement; Whereas saving for retirement is a key component of overall financial health and security during retirement years and the importance of financial literacy in planning for retirement must be advocated; Whereas many workers may not— (1) be aware of the various options in saving for retirement; or (2) have focused on the importance of, and need for, saving for retirement and successfully achieving retirement security; Whereas, although many employees have access through their employers to defined benefit and defined contribution plans to assist the employees in preparing for retirement, many of those employees may not be taking advantage of those plans at all or to the full extent allowed by Federal law; Whereas saving for retirement is necessary even during economic downturns or market declines, which makes continued contributions all the more important; Whereas all workers, including public and private sector employees, employees of tax-exempt organizations, and self-employed individuals, can benefit from developing personal budgets and financial plans that include retirement savings strategies that take advantage of tax-preferred retirement savings vehicles