TITLE

CONSUMER DEMOGRAPHICS: National Survey Shows Access Levels, Participation Rates for Retirement Benefits

AUTHOR(S)
McClune, Sheila
PUB. DATE
September 2010
SOURCE
Journal of Financial Planning;Sep2010, Vol. 23 Issue 9, Special section p6
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents the findings from the National Compensation Survey conducted by the U.S. Department of Labor and the U.S. Bureau of Labor Statistics on employee benefits, including retire benefits. The survey was responded by more than 10,000 workers in private industry and state and local government positions, and revealed that 71 percent of all workers are accessing retirement benefits. Results show that the number of low income workers having access to retirement benefits is lower compared to the number of workers earning higher wages. It is emphasized that financial planners can improve their financial services by considering their clients' use of retirement benefits.
ACCESSION #
53883820

 

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