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>> What I intended it to mean, though, was that people who save money tend to save money pretty much regardless of how little they earn, whereas many people could get a substantial raise and not save any more money than they already do.

I'm sorry that I misunderstood your message. What you say here is something with which I agree.

The statistics on IRA participation in the range that includes the median income are interesting but, to my mind, inconclusive. Just speaking for myself: I stopped making IRA contributions when they became non-deductible for me, but during the years I didn't make them, I had money going into a 403(b) plan. My last year in such a plan was 1996, and I did make an IRA contribution for 1997.
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