Nebraska Workers Access to Retirement Accounts is Eroding Teresa Ghilarducci Professor of Economics, Chair of the Economics Department Teresa Ghilarducci, Schwartz Center for Economic Policy Analysis December 2013

Employer-Based Retirement Plan Sponsorship Is Declining Precipitously For Men and Women Workers 70%

66% 67%

65% 60%

56%

55%

59%

50% 2001

2012

Men Women

Sponsorship Decline Has Hurt Workers At All Income Levels 71%

2012 39%

62% High 81%

2001 45% 0%

50%

76%

100%

Kate Bahn, Schwartz Center for Economic Policy Analysis, Monday, October 28, 2013

Middle Low

Even Large Employers Cut Sponsorship 2001-2012 88%

90% 80% 70%

77%

64%

60%

50%

50%

small firms

40% Firms with more than 1000

30% 20% 10% 0% 2001

2012

43% of All Working Age Adults in Nebraska Are Not Covered • Out of 1.02 million workers in Nebraska. – 430,000 (43%) Did NOT have a retirement plan at work – 590,000 (59%) Did have a retirement plan at work – (The U.S. Rate of Coverage is 53%)