Commentary: A savings plan for renters that mimics a mortgage

05/15/2014 | New York Times (tiered subscription model), The

Owning a home forces monthly savings, and columnist Josh Barro argues for a system that provides this same nudge for renters. He suggests that landlords participate in the Obama administration's proposed MyRA program, which would give more workers access to retirement savings plans. This kind of plan would "de-link savings from homeownership -- and Americans' personal fortunes from the residential real estate market," Barro writes.

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