In the United States,private pension participation is at _______________.

Question

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Private pension participation in the United States is currently at an all-time low. According to the Bureau of Labor Statistics, only 16% of private industry workers had access to a defined benefit plan in 2019, and only 53% had access to any type of retirement plan. This is largely due to the shift away from traditional pensions to 401(k) plans, which require individuals to save for their own retirement rather than relying on an employer-funded plan.

In the United States,private Pension Participation Is at _______________