The Economics Daily

Bureau of Labor Statistics

The latest Economics Daily article is available here: https://www.bls.gov/opub/ted/2023/retirement-plans-for-workers-in-private-industry-and-state-and-local-government-in-2022.htm. Highlights are below. Retirement plans for workers in private industry and state and local government in 2022 02/01/2023 Sixty-nine percent of private industry workers had access to employer-provided retirement plans in March 2022. Fifty-two percent of private industry workers chose to participate in a retirement plan, for a take-up rate of 75 percent. (The take-up rate is the percent of workers with access to a plan who participate in the plan.) Among state and local government workers, 92 percent had access to a retirement plan and 82 percent chose to participate, for a take-up rate of 90 percent. HTML

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