Find out how many Americans don't have income set aside for retirement in a 401(k), IRA, or pension. 

Answer: 26%

Questions:

• What other income do seniors receive in retirement (outside of 401(k)s, IRAs, or a pension)?
• What is the trend in the availability of pensions over time? How might that impact today’s young workers?
• Why is it beneficial to start investing for retirement as early as possible?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Federal Reserve):

"Saving for retirement is important in preparing for expenses later in life when many people are no longer working. Most adults had at least some savings in a tax-preferred retirement account, defined benefit pension, or other asset that they may be able to tap to meet expenses in retirement. Sixty-seven percent of adults had assets that are specifically designated for producing income in retirement. This included the 61 percent of adults who had a tax-preferred retirement account, including employer-sponsored defined contribution plans such as 401(k)s, individual retirement accounts (IRA), or Roth IRAs. It also included 29 percent who had a defined benefit pension through an employer"

About the Author

Kathryn Dawson

Kathryn (she/her) is excited to join the NGPF team after 9 years of experience in education as a mentor, tutor, and special education teacher. She is a graduate of Cornell University with a degree in policy analysis and management and has a master's degree in education from Brooklyn College. Kathryn is looking forward to bringing her passion for accessibility and educational justice into curriculum design at NGPF. During her free time, Kathryn loves embarking on cooking projects, walking around her Seattle neighborhood with her dog, or lounging in a hammock with a book.

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