Many Americans don’t have workplace retirement plans The U.S. retirement system is often called a “three-legged stool,” which consists of Social Security, workplace arrangements such as pensions and 401(k) plans, and individual savings. One of the structure’s primary shortfalls is a lack of access to workplace savings plans, according to retirement experts. Just over half — 53% — of U.S. workers had access to an employer-sponsored retirement plan in 2018, according to a recent estimate by John Sabelhaus, a senior fellow at the Brookings Institution and adjunct research professor at the University of Michigan. That’s an improvement from nearly 49% a decade earlier, he found.

https://www.cnbc.com/2022/09/19/heres-why-the-39-trillion-us-retirement-system-gets-a-c-plus-grade.html