Beginning in 2024, workers will be allowed to contribute up to $23,000 to their 401(k), an increase of $500 from this year. The increase applies to other retirement savings accounts, including the 403(b) plan, most 457 plans and the federal government's Thrift Savings Plan.

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[–] -2 points 2 years ago (1 child)

So? You asked about "how many people" can afford it. I've proven that 50% of American households could afford it if they really wanted to, and the fact that that 50% apparently doesn't include you is immaterial.

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  • [–] [S] -1 points 2 years ago

    America is an enormous country. Not all states, regions, and counties are the same. I make close to, but not quite, the median income for my state. And I work two jobs. One full time and another part time. That may be immaterial to you but it isn't for a lot of people.

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