Has Tax-Preferred Retirement Saving Offset Rising Wealth Concentration?, Accessible Data
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Figure 1. Aggregate Retirement Plan Participation, Working-Age Households (Percent Share)
| Year | 1989 | 1992 | 1995 | 1998 | 2001 | 2004 | 2007 | 2010 | 2013 |
|---|---|---|---|---|---|---|---|---|---|
| DB Only | 6.17 | 5.03 | 5 | 3.55 | 3.54 | 4.21 | 3.36 | 4.85 | 5.51 |
| DB and DC | 44.25 | 41.68 | 35.53 | 30.5 | 32 | 28.32 | 26.45 | 24.9 | 24.36 |
| DC Only | 26.64 | 29.6 | 37.42 | 41.92 | 42.89 | 42.97 | 43.29 | 42.55 | 42.64 |
Source: Author's tabulations of the Survey of Consumer Finances. See Devlin-Foltz, Henriques, and Sabelhaus (2016) for details.
Figure 2. Share of Wealth, Top 1 Percent
| Year | Household net worth, excluding all retirement assets | Household net worth, including DC assets only | Household net worth, including DB and DC assets |
|---|---|---|---|
| 1989 | 31.0% | 29.7% | 26.2% |
| 1992 | 32.0% | 30.1% | 26.1% |
| 1995 | 37.5% | 34.5% | 29.9% |
| 1998 | 36.8% | 33.8% | 29.7% |
| 2001 | 35.8% | 32.6% | 29.3% |
| 2004 | 36.6% | 33.3% | 30.1% |
| 2007 | 37.1% | 33.8% | 30.7% |
| 2010 | 38.9% | 34.5% | 30.4% |
| 2013 | 41.1% | 36.3% | 31.7% |
Source: Author's tabulations of the Survey of Consumer Finances. See Devlin-Foltz, Henriques, and Sabelhaus (2016) for details.
Figure 3. Share of Wealth, Top 25 Percent
| Year | Household net worth, excluding all retirement assets | Household net worth, including DC assets only | Household net worth, including DB and DC assets |
|---|---|---|---|
| 1989 | 85.5% | 85.0% | 82.8% |
| 1992 | 85.0% | 84.5% | 82.6% |
| 1995 | 85.5% | 84.7% | 82.9% |
| 1998 | 86.9% | 85.6% | 83.2% |
| 2001 | 87.8% | 86.7% | 84.5% |
| 2004 | 88.2% | 87.1% | 85.1% |
| 2007 | 88.6% | 87.3% | 85.5% |
| 2010 | 91.7% | 90.4% | 88.2% |
| 2013 | 92.2% | 90.6% | 88.0% |
Source: Author's tabulations of the Survey of Consumer Finances. See Devlin-Foltz, Henriques, and Sabelhaus (2016) for details.