text: Actually 50 years ago there was NOT a much higher share of pensions among private sector workers.
  
  Pension plans were largely unheard of prior to WWII, and through the 1950's and 1960's they were more the exception than the norm.
  
  Pensions only really came to be common-place in the 1970's and 1980's before declining again in the 1990's and 2000's.