Economic Snapshot

Hispanic workers are much less likely to participate in retirement plans: Retirement plan participation for workers age 32–61 who work 35 or more hours per week and 50 or more weeks per year, by race and ethnicity, 1980–2016

White Black  Asian and other  Hispanic White (post 2012) Black (post 2012)  Asian and other (post 2012)  Hispanic (post 2012) 
1979 62.0% 57.5% 53.3% 49.1%
1980 61.3% 57.3% 48.6% 50.2%
1981 61.3% 59.2% 53.9% 48.1%
1982 60.3% 60.5% 53.4% 48.4%
1983 59.8% 60.5% 51.2% 48.8%
1984 58.9% 60.2% 52.4% 47.1%
1985 59.7% 64.6% 54.0% 46.2%
1986 58.9% 62.0% 53.5% 45.0%
1987 56.1% 59.5% 52.6% 42.5%
1988 56.4% 59.5% 50.6% 40.7%
1989 57.2% 60.8% 50.2% 41.4%
1990 57.7% 58.6% 47.0% 42.0%
1991 58.2% 59.8% 46.2% 41.4%
1992 58.6% 57.8% 48.9% 40.1%
1993 61.8% 57.7% 53.2% 41.3%
1994 64.0% 63.1% 55.1% 42.3%
1995 63.5% 63.3% 51.8% 40.9%
1996 64.2% 61.0% 53.3% 44.5%
1997 63.9% 60.6% 52.7% 40.8%
1998 65.4% 60.9% 56.3% 43.2%
1999 64.1% 60.0% 53.9% 41.4%
2000 64.2% 56.6% 51.0% 40.3%
2001 62.7% 57.8% 52.2% 39.0%
2002 61.2% 56.0% 50.9% 37.6%
2003 61.7% 57.3% 52.4% 38.5%
2004 60.8% 56.1% 53.5% 36.0%
2005 60.1% 54.4% 50.9% 35.4%
2006 57.6% 50.8% 48.9% 33.0%
2007 60.8% 53.6% 52.2% 35.3%
2008 59.9% 53.5% 50.5% 35.5%
2009 58.7% 53.4% 50.2% 36.9%
2010 58.7% 54.9% 51.2% 36.9%
2011 58.9% 54.6% 50.6% 35.2%
2012 58.8% 52.6%  51.2%  34.5%  58.8% 52.6% 51.2% 34.5%
2013 56.5% 52.2% 49.3% 35.1%
2014 50.7% 46.9% 44.0% 31.0%
2015 47.1% 44.0% 41.4% 31.0%
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White denotes Non-Hispanic White, Black denotes Non-Hispanic Black, and Hispanic includes Hispanic of any race. Dotted lines represent a change in the survey.

Source: EPI analysis of Current Population Survey data (IPUMS-CPS, University of Minnesota)

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