Tag: 401k
The brief’s key findings are: The Federal Reserve’s 2016 Survey of Consumer Finances offers an opportunity to examine households’ holdings in 401(k)s and IRAs. For working households nearing retirement with a 401(k), median combined 401(k)/IRA balances rose from $111,000 in 2013 to $135,000 in 2016. While growing balances are encouraging, $135,000 provides only $600 per…
Abstract Retirement-account balances are lower among women than men. This study assesses the role of financial knowledge and empowerment in contributing to the gender gap in savings. We evaluate the effects of financial education delivered to women in the workplace, using administrative data on 31,000 public-sector workers in Wisconsin. All of these workers participated in…
