US - Participation in 401(k)-type savings and Individual Retirement Account (IRA) pension plans is directly correlated with educational background, age and income, figures from the US Employee Benefit Research Institute (EBRI) have shown.
The data, available up to the end of 2005, showed participation in 401(k)-type plans has increased by almost 10% in the decade since 1996, rising from 24.1% to 33.1%. IRA take up rose from 15.9% to...
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