Desk C. suggest retirement economy the type of with a specific pension levels or an account-type job pension, households many years 35 to 64, 2013a€“19 studies
1. engagement in IRA or DC ideas your three usual money organizations from lowest to highest money were 31 (29) %, 74 (70) %, and 92 (91) percent in 2016 (2019). Come back to book
2. Participation in DB systems for the three usual earnings communities from least expensive to finest money were 17 (14) %, 34 (36) percentage, and 31 (35) % in 2016 (2019). Come back to book
Box 7. Homeownership and Web Houses Money
The amount of individuals that possessed their particular pri to 64.9 percent in 2019 (figure A). The 2016 homeownership rate was actually the cheapest tape-recorded for the Survey of customer Finances (SCF) since 1989, and the 2019 rates stays well beneath the peak observed in 2004. 12 Across groups grouped by percentile of normal money, you’ll find huge differences in homeownership rates, which tend to boost with normal income. For families during the bottom half of the earnings submission, the homeownership rates is 49.1 percent in 2019, although the homeownership rates for those within the top % associated with distribution had been 93.6 percent. Continue reading