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.