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I think Mr. Braze is misleading far more than the WSJ article.

First of all, that 39% contributed an average of $2,000 to an IRA is not the same as 39% contributed $2,000 to an IRA. Some, perhaps many, contributed less so Mr. Braze's figure is undoubtedly exaggerated.

Second, 27% contributing at the maximum rate is nothing like 27% contributing the IRS maximum. Even if a company allows a generous 15% contibution, only those who earn $70,000 or more will be able to contribute the IRS maximum by contributing at the maximum rate.

I believe the anonymous WSJ article rather than Mr. Braze.
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