The share of families with retirement savings grew in the 1990s but declined after the Great Recession: Share of families age 32–61 with retirement account savings by age, 1989–2016

Working-age (32–61) 32–37 38–43 44–49 50–55 56–61
1989 49% 44% 51% 49% 53% 52%
1992 50% 42% 54% 51% 52% 52%
1995 55% 52% 56% 57% 57% 54%
1998 60% 56% 61% 59% 61% 62%
2001 62% 56% 62% 63% 64% 64%
2004 58% 53% 57% 60% 59% 63%
2007 62% 53% 58% 63% 67% 66%
2010 57% 51% 53% 60% 61% 57%
2013 57% 51% 56% 57% 57% 61%
2016 58%  53% 56% 62% 59% 62%

Note: Retirement account savings include funds in 401(k)-style defined contribution plans and in IRAs but not in defined benefit pensions.

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

View the underlying data on epi.org.