Figure 11
High-income families are 10 times as likely to have retirement accounts as low-income families: Share of families age 32–61 with retirement account savings by income quintile, 1995–2013
1st (Bottom) | 2nd (Lower-middle) | 3rd (Middle) | 4th (Upper-middle) | 5th (Top) | |
---|---|---|---|---|---|
1995 | 10% | 33% | 50% | 68% | 79% |
1998 | 15% | 38% | 57% | 69% | 83% |
2001 | 17% | 40% | 56% | 77% | 89% |
2004 | 9% | 37% | 53% | 74% | 84% |
2007 | 12% | 34% | 59% | 76% | 90% |
2010 | 12% | 36% | 53% | 68% | 86% |
2013 | 8% | 30% | 52% | 69% | 88% |
Note: Retirement account savings include 401(k)s, IRAs, and Keogh plans. Family-income quintiles are based on "normal income," a measure that ignores temporary fluctuations and is not available for years prior to 1995.
Source: EPI analysis of Survey of Consumer Finance data, 2013.
This chart appears in:
- Chartbook-No Figure Labels
- The Importance of a Private Retirement System
- The State of American Retirement: How 401(k)s have failed most American workers
- The State of American Retirement: How 401(k)s have failed most American workers
- The State of American Retirement: How 401(k)s have failed most American workers
- Retirement Inequality Chartbook 2014
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