The share of families with an individual account retirement plan such as an IRA or 401(k) is decreasing, but the assets in those plans are increasing, according to a new study.
An analysis by the nonpartisan Employee Benefit Research Institute found that the percentage of all families with an individual account retirement plan declined from 52.8% in 2001 to 48.2% in 2013, based on the most recent data from the 2013 Survey of Consumer Finances, the Federal Reserve Boards triennial survey of wealth.
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