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.