The WSJ article was about whether raising the $10,500 IRS 401(k) maximum would have much impact. Their statistic was that only 5% of participants contributed $10,500. Mr. Braze and you confuse contributing at the "maximum rate" with contributing this maximum of $10,500. Mr. Braze's statistics do not contradict the WSJ article.Regarding the IRA neumbers, the $2,000 median mentioned in the ICI study applies to HOUSEHOLDS which the study says typically have two accounts. Thus the percentage of accounts to which the maximum contribution was made must be well below 39%.Like I said, the WSJ's figures look a lot better than Mr. Braze's.
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