In the updated report on current population statistics, the CRS states that among workers between 25 and 64, 53.3 million reported that their employers offered a retirement plan in 2003 while 53.2 million reported the same thing in 2002. The number of workers in the private sector who participated in an employer-sponsored retirement plan in 2003 rose 0.4% to 46.7%.
The number increased substantially for both situations when only full-time, year-round workers were considered.
Significantly, non-white workers were considerably less likely to utilize employer-sponsored retirement plans – 59% of white workers compared to 49% of black non-Hispanics and 33% of Hispanics. Younger workers were also less likely to use plans, with only 46% of full time-workers aged 25-34 doing so.
Some 57% of those over 35 participated in employer-sponsored retirement plans, according to the CRS statistics for 2003.
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