Millenials Tilt Towards IRAs

The number of U.S. workers under age 30 who participated in some kind of tax-favored retirement plan fell 7.3% between 1997 and 2000, to 13.2 million.

Researchers at the Congressional Budget Office have published data on retirement plan participation rates in a paper aimed at members of Congress who are concerned about the effects of tax laws and retirement plan contribution rules on participation rates.

Millenials Tilt Towards IRAs
Source: National Underwriter (subscription required)