Business · Markets · 23 hrs ago

High earners are pulling back from maxing out their 401(k)s

High earners are pulling back from maxing out their 401(k)s

Some high-earning Americans are changing how much they put into their 401(k)s.

They are no longer putting in the maximum amount.

Instead, they are directing that money elsewhere.

The change is a move away from a common approach of contributing as much as possible to a 401(k).

The information available does not say where the money is going or why people are making this choice.

It also does not say how widespread the shift is or what may happen next.

Sources

Related news