Friday, May 23, 2014

Only 13% Made an IRA Contribution

Only 13 percent of the nation's IRA owners contributed to their IRA in 2012. Here is the percentage who contributed by age...

Under age 25: 37%
Aged 25 to 29: 28%
Aged 30 to 34: 20%
Aged 35 to 39: 15%
Aged 40 to 44: 13%
Aged 45 to 49: 12%
Aged 50 to 54: 11%
Aged 55 to 59: 11%
Aged 60 to 64: 10%
Aged 65 to 69: 7%
Aged 70-plus: 2%

Source: Employee Benefit Research Institute, Individual Retirement Account Balances, Contributions, and Rollovers, 2012; with Longitudinal Results 2010-2012: The EBRI IRA Database

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