Table. Percent Distribution of Individuals Who Specified One Use for their Lump Sum Distribution, by Amount and Age at Distribution

Table 1. Percent Distribution of Individuals Who Specified One Use for their Lump Sum Distribution, by Amount and Age at Distribution
Use of funds	All	Age of recipient at distribution			Amount of distribution
Use of funds	All	20 to 49	50 to 59	60 years and older	Less than $1,500	$1,501 to $5,000	$5,001 to $15,000	More than $15,000
Total	100	100	100	100	100	100	100	100
Transferred to another retirement plan	35	44	55	56	16	26	37	60
Other savings	17	14	16	21	13	25	20	20
Spent	42	36	26	17	63	51	36	17
Education	1	1	-	-	-	-	1	-
Unemployment expenses	2	3	1	1	3	3	3	1
Other	39	32	24	16	60	48	32	16
Not determinable	6	6	3	6	8	8	7	3
NOTE: Dash indicates less than 1 percent.
SOURCE: Survey of Income and Program Participation (SIPP), 1991, 1992, 1993; see James H. Moore, Jr., and Leslie A. Muller, "An Analysis of Lump-Sum Pension Distribution Recipients," Monthly Labor Review, May 2002, pp. 29–46, tables 2 and 3.