More people have 401(k)s, but participation in traditional pensions is more equal: Retirement plan participation of families age 32–61 by family income, race and ethnicity, education, gender, and marital status, 2013
|Characteristic||Defined-benefit plan||Defined-contribution plan|
|1st (bottom) quintile||6%||4%|
|2nd (lower-middle) quintile||12%||21%|
|3rd (middle) quintile||19%||38%|
|4th (upper-middle) quintile||30%||54%|
|5th (top) quintile||27%||68%|
|No high school diploma/GED||6%||15%|
|High school diploma/GED||21%||34%|
|College degree or more||24%||57%|
|Married or living with partner||25%||50%|
Note: "College degree" includes associate degrees.
Source: EPI analysis of Survey of Consumer Finance data, 2013.
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