A Canadian study of the American private sector indicates that only 49% of employees use workplace retirement and/or 401(k) benefits.
But wait, this low number is largely due to the fact that only 58% of employers provide these benefits!
America's own census data reveals that retirement benefit access varies greatly city by city, though statewide provision tends to be much steadier. Industry is also an important factor, with manufacturing workers accessing retirement plans at twice the rate of hospitality workers.
The report concludes that retirement access is all over the place, when considering the US as a whole, and that regional employers may gain access to the best talent simply by tailoring retirement benefits to local needs.
Read full article at Benefits Canada.