Key Findings Details
Are 401(k) Saving Rates Changing? Cohort/Period Evidence from the Health and Retirement Study
Irena Dushi and Marjorie Honig
- Participation in 401(k) pensions is nearly 50 precent greater among workers born 1948-1953 (early baby boom) compared to workers born 1931-41.
- This large growth in participation over a short period may reflect differences in saving preferences between the two cohorts, changes over this time in the retirement savings environment, or the joint effect of both.