Using the transtheoretical model of behavior change (TTM), employee contributions to defined contribution (DC) plans were examined. The data came from the 2001 Survey of Consumer Finances (SCF). Households were categorized into one of four TTM stages: precontemplation, contemplation, preparation, and action. The findings indicated that life cycle characteristics, financial characteristics, and personal preferences influenced the likelihood that a household was in the precontemplation, contemplation, or preparation stages relative to being in the action stage. Key words: defined contribution plans, retirement savings, saving, Survey of Consumer Finances, transtheoretical model of behavior change

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