The U.S. Retirement System: Fast Facts
- RetirementGuy
- Nov 6
- 1 min read
The tax-advantaged retirement savings system in the United States is one of the most effective wealth-building programs in the world. Too many working Americans, however, are left behind. Their access to employer-provided retirement plans is limited, and the incentives in the retirement system fail to encourage lower-income workers to save.
Just how many Americans are left out of the retirement savings system today? We publish here the most up-to-date estimates of who lacks access to an employer-provided retirement savings plan, who does not receive matching benefits, and who does not participate. We use data from the Survey of Income and Program Participation (SIPP) published by the Census Bureau.[1] A detailed explanation for why we use SIPP over other sources of retirement data can be found in the appendix at the end of this article.
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