Row 6229

Row ID: 6229 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 6229 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

[How 401(k) Drives Inequality - The New York Times (nytimes.com)](https://www.nytimes.com/2024/05/08/magazine/401k-retirement-crisis.html)

> Not all companies offer 401(k)s, however, and millions of private-sector employees lack access to workplace retirement plans. Availability is just one problem; contributing is another. Many people who have 401(k)s put little if any money into their accounts. With Americans now aging out of the work force in record numbers — according to the Alliance for Lifetime Income, a nonprofit founded by a group of financial-services companies, 4.1 million people will turn 65 this year, part of what the [AARP and others have called the “silver tsunami”](https://www.aarp.org/retirement/planning-for-retirement/info-2024/peak-boomer-readiness.html) — the holes in the retirement system are becoming starkly apparent. U.S. Census Bureau data indicates that in [2017 49 percent of Americans ages 55 to 66 had “no personal retirement savings.”](https://www.census.gov/library/stories/2022/01/women-more-likely-than-men-to-have-no-retirement-savings.html#:~:text=Many%20adults%20approaching%20retirement%20age,and%20Program%20Participation%20(SIPP).)

FieldValue
text [How 401(k) Drives Inequality - The New York Times (nytimes.com)](https://www.nytimes.com/2024/05/08/magazine/401k-retirement-crisis.html) > Not all companies offer 401(k)s, however, and millions of private-sector employees lack access to workplace retirement plans. Availability is just one problem; contributing is another. Many people who have 401(k)s put little if any money into their accounts. With Americans now aging out of the work force in record numbers — according to the Alliance for …
label r/investing
dataType post
communityName r/investing
datetime 2024-05-08
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Raw Record

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  "text": "[How 401(k) Drives Inequality - The New York Times (nytimes.com)](https://www.nytimes.com/2024/05/08/magazine/401k-retirement-crisis.html)\n\n>  \nNot all companies offer 401(k)s, however, and millions of private-sector employees lack access to workplace retirement plans. Availability is just one problem; contributing is another. Many people who have 401(k)s put little if any money into their accounts. With Americans now aging out of the work force in record numbers — according to the Alliance for Lifetime Income, a nonprofit founded by a group of financial-services companies, 4.1 million people will turn 65 this year, part of what the [AARP and others have called the “silver tsunami”](https://www.aarp.org/retirement/planning-for-retirement/info-2024/peak-boomer-readiness.html) — the holes in the retirement system are becoming starkly apparent. U.S. Census Bureau data indicates that in [2017 49 percent of Americans ages 55 to 66 had “no personal retirement savings.”](https://www.census.gov/library/stories/2022/01/women-more-likely-than-men-to-have-no-retirement-savings.html#:~:text=Many%20adults%20approaching%20retirement%20age,and%20Program%20Participation%20(SIPP).)",
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  "datetime": "2024-05-08",
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