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Retirement assets total $37.4 trillion in Q3 2021: ICI
Yahoo Money
Retirement assets total $37.4 trillion in Q3 2021: ICI
Thomas Hum · Writer
Mon, December 20, 2021, 9:48 AM·3 min read
According to a report by the Investment Company Institute (ICI), total U.S. retirement assets were $37.4 trillion as of Sept. 30, 2021 — down 0.5% from June 30 earlier this year. Retirement assets accounted for 33% of all household financial assets in the U.S. at the end of September.
“As of September 30, 2021, total US retirement entitlements were $43.0 trillion, including $37.4 trillion of retirement assets and another $5.7 trillion of unfunded liabilities,” ICI’s report stated. “Including both retirement assets and unfunded liabilities, retirement entitlements accounted for 38 percent of the financial assets of all US households at the end of September.”
However, the pandemic has and continues to place pressure on retirement security for Americans. A previous ICI report also noted that most retirement plans have not been tapped despite financial constraints brought upon families by the pandemic.
For Q3 2021, assets in IRAs totaled $13.2 trillion (down 0.6% from the end of Q2), defined contribution (DC) plan assets totaled $10.4 trillion (down 0.8% from June 30), government defined benefit (DB) plans— including federal, state, and local government plans—held $7.6 trillion in assets as of the end of September (a 0.3% increase from the end of June), private-sector DB plans held $3.7 trillion in assets, and annuity reserves outside of retirement accounts accounted for another $2.5 trillion.
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Retirement assets total $37.4 trillion in Q3 2021: ICI
Thomas Hum · Writer
Mon, December 20, 2021, 9:48 AM·3 min read
According to a report by the Investment Company Institute (ICI), total U.S. retirement assets were $37.4 trillion as of Sept. 30, 2021 — down 0.5% from June 30 earlier this year. Retirement assets accounted for 33% of all household financial assets in the U.S. at the end of September.
“As of September 30, 2021, total US retirement entitlements were $43.0 trillion, including $37.4 trillion of retirement assets and another $5.7 trillion of unfunded liabilities,” ICI’s report stated. “Including both retirement assets and unfunded liabilities, retirement entitlements accounted for 38 percent of the financial assets of all US households at the end of September.”
However, the pandemic has and continues to place pressure on retirement security for Americans. A previous ICI report also noted that most retirement plans have not been tapped despite financial constraints brought upon families by the pandemic.
For Q3 2021, assets in IRAs totaled $13.2 trillion (down 0.6% from the end of Q2), defined contribution (DC) plan assets totaled $10.4 trillion (down 0.8% from June 30), government defined benefit (DB) plans— including federal, state, and local government plans—held $7.6 trillion in assets as of the end of September (a 0.3% increase from the end of June), private-sector DB plans held $3.7 trillion in assets, and annuity reserves outside of retirement accounts accounted for another $2.5 trillion.
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