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.

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