Just the Facts Consumers Keep Flocking to Annuities After a record-breaking 2022, retail annuities surpassed all of their previous quarterly sales numbers since LIMRA began keeping track, in 2008, say preliminary results from the association's U.S. Individual Annuity Sales Survey. Q1 2023 sales of the insurance investment products were $93 billion, up 47% from the year before. State Programs Boost Employer Plans Share of New Employer Retirement Plans 12% Program began in Oregon 10% *Oregon 8% *Illinois *U.S. 6% Program began in Illinois Program began in California *California Private employers continue to launch their own retirement plans in states that have added an automated savings program. The share of new private plans remains higher in those states than before the introductions of the state-facilited programs. Note: California's pilot program began in 2018; it opened to all sizes of employers in 2019. Source: Pew Research Center 4% 2013 2014 2015 2016 2017 2018 2019 2020 2021 4 planadviser.com | Summer 2023 | Awards & Innovation Art by Alex Eben Meyerhttp://www.planadviser.com