Retirement wealth has grown nearly twice as fast as income: Assets in retirement plans as a percent of personal disposable income by type, 1989–2016
Year | Traditional defined benefit pensions | 401(k)-style defined contribution plans and IRAs |
---|---|---|
1989 | 72% | 31% |
1990 | 72% | 32% |
1991 | 74% | 37% |
1992 | 76% | 38% |
1993 | 77% | 42% |
1994 | 77% | 43% |
1995 | 78% | 50% |
1996 | 78% | 57% |
1997 | 77% | 64% |
1998 | 77% | 72% |
1999 | 78% | 81% |
2000 | 77% | 75% |
2001 | 78% | 68% |
2002 | 79% | 61% |
2003 | 79% | 70% |
2004 | 81% | 74% |
2005 | 82% | 76% |
2006 | 81% | 83% |
2007 | 81% | 87% |
2008 | 81% | 63% |
2009 | 84% | 78% |
2010 | 89% | 85% |
2011 | 88% | 82% |
2012 | 87% | 87% |
2013 | 90% | 102% |
2014 | 88% | 103% |
2015 | 87% | 98% |
2016 | 87% | 102% |
Source: EPI analysis of Federal Reserve Financial Accounts of the United States (December 2017 release).