As in other countries with fund choice, switching declines with age. As of 2013, the overall switching rate was 1.6%, but the rate was 2.0% among 15 to 24 year-olds, and only 0.3% among those aged 65 and over. In addition, switching is more prevalent among low-income households, the same study found that the average income of those switching accounts was some 20% below that of those who did not. Indeed, it is interesting that, according to one survey (Gross et al.,