Saving for retirement is essential for maintaining a standard of living upon reaching old age. However, not everyone participates in their employment-based retirement plans, and according to a new report from the Employee Benefit Research Institute of Washington, the probability of participation is affected by demographic factors like gender, race, class, firm size, education and geographic differences.

The percentage of all workers participating in an employment-based retirement plan was 41.9% in 2004, up from 41.8% in 2002.

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