Friday, May 19, 2017

How Many Have Retirement Accounts?

How many households have an IRA and/or a defined-contribution retirement account? According to an Employee Benefit Research Institute analysis of the 2013 Survey of Consumer Finances, 61 percent of households headed by workers aged 25 to 64 have at least one of these types of retirement savings. Here is the percentage by age of householder...

Total, 25 to 64: 61.1%
Aged 25 to 34: 50.4%
Aged 35 to 44: 60.0%
Aged 45 to 54: 63.6%
Aged 55 to 64: 71.4%

Source: Employee Benefit Research Institute, Importance of Individual Account Retirement Plans and Home Equity in Family Total Wealth

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