More people have 401(k)s, but participation in traditional pensions is more equal: Retirement plan participation of families age 32–61 by family income, race and ethnicity, education, gender, and marital status, 2016
|Characteristic||Defined benefit pension||401(k)-style defined contribution plan|
|1st (bottom) fifth||6%||10%|
|2nd (lower-middle) fifth||14%||33%|
|3rd (middle) fifth||19%||48%|
|4th (upper-middle) fifth||32%||62%|
|5th (top) fifth||25%||70%|
|No HS diploma/GED||8%||19%|
|College degree or more||24%||59%|
View the underlying data on epi.org.
Note: "College degree" includes associate degrees.
Source: EPI analysis of Survey of Consumer Finance data, 2016.