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Gallup: Fewer workers today will rely on 401(k) than pre-recession

While the number of Americans who play to rely on a 401(k) as a major source of retirement is rising, it has still not reached the level it was at before the Great Recession.

By Lisa Barron | Updated on May 05, 2014

While the number of Americans who play to rely on a 401(k) as a major source of retirement is rising, it has still not reached the level it was at before the Great Recession, according to a new Gallup poll.

Prior to the recession, most Americans planned to rely on a 401(k), IRA, Keogh, or other retirement savings account when they retire. Today, Gallup found, 48 percent of Americans say they would rely on a 401(k) account in retirement, a percentage that has not rebounded to pre-recession levels of 54 percent.

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