Pension vs. 401(k): Survey Reveals Majority of Americans Prefer Traditional Pension for Retirement Security
Dallas, Texas – A recent survey has shed light on the American perspective when it comes to retirement planning, with many favoring traditional pensions over modern 401(k) plans. Despite this preference, the prevalence of pensions has significantly decreased over the past few decades, leading to a shift towards 401(k)s and IRAs as primary retirement savings tools for most Americans. Between 1975 and 2019, the number of individuals actively participating in private-sector pension plans dropped significantly, …