The Role of Social Security, Defined Benefits, and Private Retirement Accounts in the Face of the Retirement Crisis

ABSTRACT: For years, EBRI research has documented and quantified the role of Social Security, defined benefit and private retirement accounts on retirement income adequacy for Baby Boomers and Gen Xers in the United States. This paper summarizes that research and presents new evidence on the importance of 401(k) plans for workers currently entering the workforce.