Equity issues around worker-controlled Lifelong Learning and Training Accounts (LLTAs)

Tax-advantaged Lifelong Learning and Training Accounts are accounts that workers could use at any time during their careers to pay for education and training. More detail here (Aspen Institute). While LLTAs enable government and employer sponsorship of training, thereby democratizing access to training at or below $10,000, there are several equity concerns:

  1. Match structure

As shown below, the government contribution rate decreases with a worker’s adjusted…