Is Pension Inequality Growing?

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The brief’s key findings are:

  • Among workers whose employers offer a pension plan, participation rates are much lower for low earners and have declined over time.
  • The decline is largely due to the rise of 401(k)s.
  • Low earners often cite monetary constraints, though non-monetary reasons are also important.
  • On the non-monetary side auto-enrollment should help, but little movement occurred between 2004 and 2007.