October 8, 2003 — The number of U.S. households owning Individual Retirement Accounts (IRAs) continues to grow, according to data released by the Investment Company Institute (ICI).
Households owning Roth IRAs increased by 21% to 16 million as of June from the year-ago level. Households owning any type of IRA increased by 2 million to an estimated 45.2 million.
In addition, the number of U.S. households that owned “traditional” IRAs increased to an estimated 36.4 million from 35.7 million a year earlier.
The ICI said that more than 41% of U.S. households owned IRAs as of June 2003.