A Retirement Security Retrospective: 2007 vs 2017

Transamerica Institute

"Among workers, in 2017 TCRS’ annual retirement survey found that retirement confidence had recovered and slightly surpassed its 2007 pre-recession levels. Among those offered a 401(k) or similar plan by their employers, plan participation rates and contribution rates remain strong. Among all workers, household retirement savings have dramatically increased since 2007, although retirement plan leakage in the form of plan loans and early withdrawals is an issue. An ongoing opportunity for workers is to further engage in retirement planning-related activities."