College-educated families are much more likely to have retirement savings: Share of families age 32–61 with retirement account savings by education, 1989–2016

Year No high school diploma or GED  High school diploma or GED  Some college  College degree or more 
1989 22% 43% 49% 73%
1992 18% 42% 52% 69%
1995 23% 49% 57% 75%
1998 30% 52% 63% 75%
2001 24%  54%  60%  85% 
2004 19% 51% 59% 77%
2007 27%  52%  63%  81% 
2010 18% 46% 59% 77%
2013 19% 43% 57% 79%
2016 24%  47%  56%  80% 

Note: Retirement account savings include funds in 401(k)-style defined contribution plans and in IRAs. "College degree" does not include associate degree, which is a change from the previous version of this chartbook.

Source: EPI analysis of Survey of Consumer Finance data, 2016.

View the underlying data on epi.org.