In fact, federal government data show precisely the opposite: both employer contributions and total retirement funding have never been higher. The Bureau of Labor Statistics National Compensation Survey tracks how much employers contribute toward various kinds of employee benefits, including retirement plans. As 401(k)s have come to dominate the retirement world, total retirement contributions have risen further. Higher annual retirement plan contribution help explain why total retirement savings today are at record levels. According to Federal Reserve data, total retirement savings increased from 58 percent of Gross Domestic Product in 1981 to 101 percent today.

Source: Forbes July 19, 2017 23:15 UTC