Jump to ContentJump to Main Navigation
Overcoming the Saving SlumpHow to Increase the Effectiveness of Financial Education and Saving Programs$
Users without a subscription are not able to see the full content.

Annamaria Lusardi

Print publication date: 2009

Print ISBN-13: 9780226497099

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226497105.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use (for details see www.chicago.universitypressscholarship.com/page/privacy-policy).date: 18 November 2018

The Changing Landscape of Pensions in the United States

The Changing Landscape of Pensions in the United States

Chapter:
(p.17) Chapter One The Changing Landscape of Pensions in the United States
Source:
Overcoming the Saving Slump
Author(s):
James M. Poterba, Steven F. Venti, David A. Wise
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226497105.003.0002

This chapter reviews the economic changes that are occurring in the pension landscape in the United States. The total value of assets in retirement accounts has increased since 1980. The proportion of employees covered by at least one pension plan has remained about the same over the past twenty-five years, but the proportion covered by more than one has increased. The investment options available to 401(k) participants are evolving rapidly. The projections suggest that the spread of 401(k) assets will lead in a substantial increase in the retirement assets of households with the lowest Social Security wealth and will result in a doubling or tripling of retirement assets for households in the rest of the Social Security wealth distribution. It can be concluded that the advent of personal account saving is projected to yield very large increases in the financial assets of future retirees across the lifetime earnings spectrum.

Keywords:   pension landscape, United States, retirement assets, employees, pension plan, Social Security, earnings, financial assets, personal account saving

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.