How the shift to 401(k)s has increased gaps in retirement preparedness based on income, race, ethnicity, education, and marital status
Today, many Americans rely on savings in 401(k)-type accounts to supplement Social Security in retirement. This is a pronounced shift from a few decades ago, when many retirees could count on predictable, constant streams of income from traditional pensions (see “Types of retirement plans” box). This chartbook assesses the impact of the shift from pensions […]