401(k) plans are still coming up short

Munnell, Alicia Haydock, and Annika Sundén. “401(k) plans are still coming up short”. Issue in Brief 43, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, March 2006. http://hdl.handle.net/2345/bc-ir:104441.
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Abstract

The release of the Federal Reserve's 2004 Survey of Consumer Finances (SCF) is a wonderful opportunity to re-assess the role that 401(k) plans are playing in the provision of retirement income. The SCF is a triennial survey of a nationally representative sample of U.S. households, which collects detailed information on households' assets, liabilities, and demographic characteristics. Because the SCF over-samples wealthy individuals, it provides the most comprehensive measure of wealth of any household survey. The 2001 survey showed that 401(k) accumulations were coming up short. The 2004 survey shows some progress but most of the problems persist...

Title
401(k) plans are still coming up short
Author
Munnell, Alicia Haydock
Sundén, Annika
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
March 2006
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
43
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104441
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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