Retirement account savings are inadequate and unequal: Retirement account savings of families age 32–61, 1989–2016 (2016 dollars)
| Mean savings, all families | Median savings, families with retirement savings | Median savings, all families | |
|---|---|---|---|
| 1989 | $36,637 | $23,137 | $0 |
| 1992 | $40,521 | $25,659 | $0 |
| 1995 | $52,075 | $29,284 | $2,349 |
| 1998 | $67,071 | $39,837 | $6,197 |
| 2001 | $88,920 | $47,420 | $8,129 |
| 2004 | $90,570 | $50,871 | $6,359 |
| 2007 | $104,734 | $59,059 | $11,580 |
| 2010 | $99,922 | $51,950 | $5,527 |
| 2013 | $98,755 | $61,866 | $5,156 |
| 2016 | $120,809 | $60,000 | $7,800 |
Note: 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.