Retirement account savings are inadequate and unequal: Retirement account savings of families age 32–61, 1989–2013 (2013 dollars)
| Mean savings, all families | Median savings, families with retirement savings | Median savings, all families | |
|---|---|---|---|
| 1989 | $35,492.41 | $22,413.88 | $0.00 |
| 1992 | $39,256.91 | $24,858.88 | $0.00 |
| 1995 | $50,474.67 | $28,384.37 | $2,276.82 |
| 1998 | $64,982.50 | $38,597.09 | $6,003.99 |
| 2001 | $86,187.11 | $45,962.57 | $7,879.30 |
| 2004 | $87,818.02 | $49,325.68 | $6,165.71 |
| 2007 | $101,548.36 | $57,262.57 | $11,227.96 |
| 2010 | $96,881.71 | $50,369.70 | $5,358.48 |
| 2013 | $95,775.93 | $60,000.00 | $5,000.00 |
Note: Since DC and DB shares include families with both kinds of plans, the share with both types is subtracted from the total to produce the share with any plan. Shares indicate whether either the respondent or his or her spouse participated in such a plan or plans on a current job (individual participation rates are lower). Retirement account savings include 401(k)s, IRAs, and Keogh plans.
Source: EPI analysis of Survey of Consumer Finance data, 2013.