Snapshot of US Retirement Market year ending 2011
Market Size:
The market deployed a total retirement assets of $17.5 trillion
Ownership:
. Nearly four out of 10 U.S. households owned IRAs in 2011
. 49 Million households owned at least one or more types of IRAs
. 44 Percent of U.S. Households Owned Mutual Funds in 2011
. About one-third of U.S. households owned traditional IRAs in 2011
. IRA owners are savers
. IRA ownership increased with household income
. 44 Percent of U.S. Households Owned Mutual Funds in 2011
. 90 Million Individual U.S. Investors Owned Mutual Funds in 2011
Contributions:
. The median financial assets of IRA-owning households was 8 times greater than that of the households with no IRAs
. 56% of IRA households earned $50,000 or more
. Rollovers from employer-sponsored retirement plans have fueled the growth in IRAs.
. Although most U.S. households were eligible to make contributions, few did so.
. Only 14% percent of U.S. households contributed to any type of IRA in tax year 2010 with very few households making “catch-up” contributions to traditional IRAs or Roth IRAs.
(Source: www.ici.org, WSJ)
