Go to the Federal Reserve Board’s website at www.federalreserve.gov. Find the most recent information on the net flow of funds to defined benefit and defined contribution pension funds using the following steps. Click on Data.” Click on “Financial Accounts of the United States.” Click on the most recent date, PDF file. This will bring up the file onto your computer with the relevant data in Table L.118.b and L.118.c.

Questions 1 How have the total financial assets of defined benefit and defined contribution pension funds changed since 2019 as reported in Figure 18–1?

2 Is the percentage of assets in defined contribution plans growing or shrinking?

AppendixLO1