Faulty data provided by the U.S. Census Bureau suggests fewer Americans are participating in workplace retirement plans than actually are, according to new research from the non-partisan Employee Benefits Research Institute.
The Annual Social and Economic Supplement to Current Population Survey, which is conducted every two years by the Census Bureau, provides annual estimates on retirement plan participation. The survey also provides a primary source for estimates on retiree income.
In 2014, the Census Bureau redesigned its questionnaire, resulting in a dramatic 11 percent drop in the number of Americans that said they participated in a workplace retirement plan between 2013 and 2015.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
