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

Crews Bank & Trust Wealth Management Services 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

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

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