Figure 18
Share of households age 26–79 with savings in retirement accounts, by income fifth, 1989–2010
| Year | Top | Fourth | Middle | Second | Bottom |
|---|---|---|---|---|---|
| 1989 | 75% | 52% | 38% | 16% | 4% |
| 1992 | 78% | 56% | 38% | 24% | 6% |
| 1995 | 78% | 64% | 48% | 28% | 9% |
| 1998 | 81% | 69% | 54% | 30% | 10% |
| 2001 | 87% | 75% | 54% | 34% | 14% |
| 2004 | 85% | 70% | 53% | 30% | 10% |
| 2007 | 88% | 74% | 55% | 36% | 11% |
| 2010 | 88% | 70% | 52% | 31% | 11% |
Note: Retirement account savings include savings in 401(k) and other defined-contribution plans, IRAs (including employer-sponsored SEP IRAs and SIMPLE IRAs) and Keogh plans for small businesses.
Source: Authors' analysis of Survey of Consumer Finance microdata
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