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Who Are the 10-Percent Savers?
Putnam Investments
Nov. 26, 2014
"[T]he average age of participants in an employer-sponsored defined contribution plan deferring 10% or more was 41.6 years.... The majority of 10% savers -- 58% -- had a household income of less than $100,000. In fact, 38% earned between $50,000 and $100,000. Many of those earning less than $50,000 were also able to set aside 10% -- about 20% of the group in this survey. At the high-income level of the spectrum, 30% of the 10%+ savers had a household income ranging from $100,000 to $175,000, and only 12% had an income higher than $175,000."
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