In 2023, less than 12 percent of the participants in a survey were on track to max out their retirement contributions. While many pension plans worldwide have no contribution limit, in the U.S., the IRS (Internal Revenue Service) sets a maximum limit on contributions made to 401(k) plans by an individual and their employer every year.
Status of retirement savings for individuals in the United States in 2023, by respondent type
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Public. (November 2, 2023). Status of retirement savings for individuals in the United States in 2023, by respondent type [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1422747/status-of-retirement-savings-for-individuals-in-the-us/
Public. "Status of retirement savings for individuals in the United States in 2023, by respondent type." Chart. November 2, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1422747/status-of-retirement-savings-for-individuals-in-the-us/
Public. (2023). Status of retirement savings for individuals in the United States in 2023, by respondent type. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1422747/status-of-retirement-savings-for-individuals-in-the-us/
Public. "Status of Retirement Savings for Individuals in The United States in 2023, by Respondent Type." Statista, Statista Inc., 2 Nov 2023, https://www.statista.com/statistics/1422747/status-of-retirement-savings-for-individuals-in-the-us/
Public, Status of retirement savings for individuals in the United States in 2023, by respondent type Statista, https://www.statista.com/statistics/1422747/status-of-retirement-savings-for-individuals-in-the-us/ (last visited December 23, 2024)
Status of retirement savings for individuals in the United States in 2023, by respondent type [Graph], Public, November 2, 2023. [Online]. Available: https://www.statista.com/statistics/1422747/status-of-retirement-savings-for-individuals-in-the-us/
