Treasurer Young Highlights Easy Savings Opportunities with Colorado SecureSavings Program
April 7, 2025 (DENVER) - Today, 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. More than 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.
Additional tips include:
- Saving Automatically: Schedule weekly or monthly transfers to savings accounts or automatically deposit a portion of paychecks into savings.
- Establishing an Emergency Fund: Extra savings enable individuals to adapt to unexpected health, housing, or employment changes without sacrificing savings goals.
- Paying Down Debt: This frees up funds in the future to contribute towards savings and financial stability.
For more tips and resources, follow the Colorado Department of the Treasury on Facebook, LinkedIn, and X.
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About the Colorado Department of the Treasury
The Colorado Department of the Treasury is the constitutional guardian of the public’s funds. It is the Treasury’s duty to manage and account for the taxpayers’ dollars from the time they are received until the time they are disbursed. The Treasury’s staff is committed to safeguarding and managing the people’s monies with the same diligence and care as they do their own. For more information, visit colorado.gov/treasury.
About America Saves Week
Since 2007, America Saves Week has been an annual call to action for everyday Americans to commit to saving successfully. Through the support of thousands of participating organizations, together we encourage our local communities to do a ‘gut-check’ on their finances and saving behaviors. The America Saves pledge is the framework that allows savers to set a goal and make a plan to achieve better financial stability.