Study: 401(k) savings ratio has parity across income ranges

08/8/2013 | MarketWatch

The ratio of salary to 401(k) savings is similar among workers in their 60s with annual incomes ranging from around $30,000 to $100,000, according to research by Nevin Adams of the Employee Benefit Research Institute. The finding contrasts with some consumer advocates' claims that 401(k) tax breaks unfairly favor the wealthy. However, Adams found that the ratio drops for those earning more than $100,000 because of the cap on contributions.

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