Evolution of Retirement Wealth

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By Sebastian Devlin-Foltz (au); Alice Henriques (au); John Sabelhaus (au)
Year: 2015
Pages: 36
Binding Paperback
ISBN 978-1-4578-6699-9

Product Code: 1457866994

Description

This report examines whether the current mix of tax preferences for employer-sponsored pensions and individual retirement saving in the U.S. is delivering the best possible retirement-preparedness across and within generations. Using data for 1989 through 2013, cohort-based analysis of life-cycle trajectories shows that (1) overall retirement plan participation was stable or even rising through 2007, though participation fell in the wake of the Great Recession and has remained lower; (2) participation is strongly correlated with income, and the shift in the type of pension coverage occurred within -- not just across -- income groups; and (3) the recent decline in retirement plan participation and defined contributions (DC) retirement account balance-to-income ratios is concentrated among younger families and lower-income families. Figures. This is a print on demand report.

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