Retirement account savings are still not a significant source of income for seniors: 401(k), IRA, and Keogh plan income of people age 65 and older by family income, race and ethnicity, education, gender, and marital status, 2014
| Characteristics | Percent with benefits (bottom axis) | Median of those with benefits (top axis) |
|---|---|---|
| All | 8% | $5,400 |
| 1st (bottom) quintile | 2% | $1,500 |
| 2nd (lower-middle) quintile | 5% | $2,500 |
| 3rd (middle) quintile | 9% | $4,800 |
| 4th (upper-middle) quintile | 11% | $5,988 |
| 5th (top) quintile | 12% | $10,000 |
| Hispanic | 3% | $6,000 |
| Black non-Hispanic | 3% | $3,000 |
| White non-Hispanic | 9% | $5,500 |
| Less than high school | 2% | $2,400 |
| High school diploma/GED | 7% | $4,000 |
| Some college | 9% | $5,000 |
| Bachelor’s degree or more | 12% | $9,000 |
| Unmarried women | 6% | $3,792 |
| Unmarried men | 8% | $8,000 |
| Married women | 7% | $3,000 |
| Married men | 10% | $8,000 |
Source: EPI analysis of U.S. Census Bureau's Current Population Survey Annual Social and Economic Supplement microdata