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Chart of the Day: More 401(k)'s Than Ever

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Nov 14, 2024
defined contributions in blue, defined benefits in green

Contents

Today’s Chart of the Day comes from Torsten Slok who is the Chief Economist with Apollo. It shows the increase of defined contributions (401K’s and the like) and decline in defined benefit (aka pensions) since 1984. Whether this is a good thing or not is too long to discuss in this post, but regardless, it good to note we went from only 60 million people having a retirement plan to now over 100 million.
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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