As Congress debates tax reforms that could fundamentally alter how people save for retirement, the Investment Company Institute tried to find out who offers plans today and what workers set money aside in these plans.
In its research, the ICI found most workers interested in saving for retirement are covered by an employer-provided retirement plan. Of those, nearly three-quarters had access to a pension plan through their own employer or their spouse's employer, and 93 percent of those with access participated.
Younger workers and those who don't make a lot of money are more likely to save for things other than retirement, like college education, buying a house or putting money away in an emergency fund.
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