2. Part-Time Workers

The report found part-time workers have significantly less access to employer-sponsored retirement benefits.

“With lower pay and less access to employer-sponsored benefits, part-time workers are at a disadvantage in saving for retirement, compared with full-time workers,” said Collinson. Only 19% of part-time workers “strongly” agree they are building a large enough retirement nest egg.

Slightly more than half of part-time workers (51%) are offered a 401k or similar plan by their employer, and 59% of them participate. In comparison, 77% of full-time workers are offered a plan, and 80% of them participate.

Part-time workers have saved just $29,000 in total household retirement accounts, while full-time workers have saved $74,000 (estimated medians).

Forty-eight percent of part-time workers expect to retire at age 70 or older or do not plan to retire. Twenty-nine percent expect Social Security to be their primary source of retirement income.

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