This is what the retirement crisis looked like 2 years ago.
The key findings of this report are as follows:
1. Nearly 40 million working-age households (45 percent) do not own any retirement account assets, whether in an employer-sponsored 401(k) type plan or an IRA.
2. The average working household has virtually no retirement savings. When all households are included—
not just households with retirement accounts—the median retirement account balance is $2,500 for all working-age
households and $14,500 for near-retirement households.
3. Even after counting households’ entire net worth—a generous measure of retirement savings—two-
thirds (66 percent) of working families fall short of conservative retirement savings targets for their age and
income based on working until age 67.
4. Public policy can play a critical role in putting all Americans on a path toward a secure retirement by
strengthening Social Security, expanding access to low-cost, high quality retirement plans, and helping low-
income workers and families save.