Advocacy Publishes New Retirement Research

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The Office of Advocacy has just released two new reports on small business retirement planning. The research confirms that small business owner participation in retirement plans remains low but is unaffected in recessions.

A study by Advocacy Economist Jules Lichtenstein, Financial Viability and Retirement Assets: A Look at Small Business Owners and Private Sector Workers, uses 2009 data from the Survey of Income and Program Participation to look at a broad spectrum of individual account retirement assets held by business owners and private-sector workers.

Retirement, Recessions, and Older Small Business Owners, by Tami Gurley-Calvez, Kandice Kapinos, and Donald Bruce, uses the 1992-2010 Health and Retirement Study to focus on individuals nearing retirement. The study finds that older small business owners with IRAs and Keogh accounts are likely to have larger amounts of such assets than workers in the same age group.

Should you need further information, please feel free to contact Dr. Jules Lichtenstein or at (202) 205-6533 or advocacy@sba.gov.

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