Awhopping 38 million Americans - 45% of working-age people - lack any form of retirement account such as an individual IRA or employer sponsored 401(k)-type plan, according to a report from the National Institute on Retirement Security in Washington.

"The first place where people get access to retirement savings vehicles is in the workplace," explains Nari Rhee, NIRS manager of research and author of the report, The Retirement Savings Crisis: Is it Worse Than We Think? "And that's where the problem originates. In the workplace, only about half of workers actually work for an employer who sponsors a plan."

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access