Retirement inequality is greater than income inequality even in peak earning years: Share of total retirement account savings and total income for families in peak earning years (age 50–55) by income quintile, 2016

Retirement account savings   Income 
1st (Bottom) 1% 3%
2nd (Lower-middle) 4% 7%
3rd (Middle) 9% 10%
4th (Upper-middle) 18% 16%
5th (Top) 67% 63%

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.

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