401(k)s magnify inequality: Share of total retirement account savings and total income for families age 32–61 by income quintile, 2016

Retirement account savings  Income 
1st (Bottom) 1% 4%
2nd (Lower-middle) 4% 7%
3rd (Middle) 8% 12%
4th (Upper-middle) 17% 18%
5th (Top) 70% 59%

Note: Based on "normal income," which may differ from actual income if a family's income in the past year was unusually high or low. Retirement account savings include funds in 401(k)-style defined contribution plans and in IRAs.

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

View the underlying data on epi.org.