Figure 32

Share of households age 26–79 with savings in retirement accounts, by education, 1989–2010

Year College degree or more education High school diploma or GED Some college No high school diploma/GED
1989 58% 33% 41% 15%
1992 61% 35% 42% 14%
1995 64% 41% 47% 19%
1998 67% 42% 52% 21%
2001 75% 46% 54% 18%
2004 69% 44% 48% 16%
2007 74% 43% 53% 22%
2010 70% 41% 49% 17%
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Note: Retirement account savings include savings in 401(k) and other defined-contribution plans, IRAs (including employer-sponsored SEP IRAs and SIMPLE IRAs) and Keogh plans for small businesses.

Source: Authors' analysis of Survey of Consumer Finance microdata

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