The use of IRA accounts is most prevalent among older members of the workforce, as well as among those with higher household incomes.

That's according to a study by the Investment Company Institute that found only 28 percent of households headed by a person younger than 35 owned an IRA.

Thirty-four percent of households headed by people 35-44 owned an IRA. That number rose slightly, to 36 percent of households, among those 45-55, and to 37 percent of households by those 55-64.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.