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BTCC / BTCC Square / Global Cryptocurrency /
Older Workers Lead in 401(k) Max-Out Rates as Retirement Savings Crisis Looms

Older Workers Lead in 401(k) Max-Out Rates as Retirement Savings Crisis Looms

Author:
Global Cryptocurrency
Published:
2025-12-15 13:07:01
16
3
BTCCSquare news:

Workers aged 55 to 64 are outpacing younger generations in maximizing their 401(k) contributions, with 19% hitting the $23,000 annual limit in 2024. Vanguard data reveals a stark contrast—just 3% of workers under 25 reached the cap, highlighting divergent financial priorities across age groups.

The trend underscores a broader retirement savings deficit. Apollo's Torsten Slok warns of a "retirement crisis" fueled by rising costs, inadequate savings, and Social Security uncertainties. For those behind on savings, strategic moves like increased contributions or delayed retirement are becoming essential.

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