Participants raised their deferral rate in 2023 for new record

People will say that when it comes to retirement savings, the glass is half empty. I see it as half full.

According to Vanguard, a record-breaking 43% of participants raised their rate of salary deferral into retirement savings. People will point out that the number reflects 15% of participants increasing their deferral percentage on their own, while 28% experienced an automatic increase through the automatic contribution arrangement.

Whether it’s on their own or it’s forced, it’s still good news.

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