Surprisingly Few Save for Retirement

An analysis of retirement savings behavior by the Employee Benefit Research Institute finds surprisingly few workers participating in 401(k)s or IRAs. Only 33 percent of workers aged 21 to 64 participate in a 401(k)-type retirement plan. An even smaller 21 percent own an IRA.

Source: Employee Benefit Research Institute, Ownership of Individual Retirement Accounts (IRAs) and 401(k)-Type Plans, 1996-2009