New Dayforce Report Uncovers America's Growing Retirement Divide

Core Insights - Dayforce, Inc. released a report titled "The Retirement Divide," highlighting significant disparities in retirement savings among American workers [1][3] Retirement Savings Trends - The research covers retirement savings rates, contributions from employees and employers, participation in retirement plans, and loan usage from 2021 to 2024 [2] - The report reveals that high earners are advancing while lower-income workers are falling behind, with participation rates for those earning less than $50,000 dropping from 58% to 52.9% and savings rates decreasing from 4.9% to 4.6% [6] Gender Disparities - The gap in retirement plan participation between men and women has widened to 3.9 percentage points, with participation rates at 79.9% for men and 76% for women [6] Racial Disparities - In 2024, 84.6% of white workers participated in retirement plans, compared to 61.1% of Latino workers and 68.2% of Black workers [6] - Additionally, 26.4% of Black and Latino plan participants had active loans from their accounts, versus 14.9% of white participants [6] Generational Insights - Gen Z workers have shown significant progress in retirement savings, with participation rates increasing from 64% to 68.7%, savings rates improving from 6.6% to 7.2%, and total contributions rising by 24% since 2022 [6]