They need to up the contribution amount along with this so people can catch back up quicker
Most people don't max out their 401K as it already is, though I of course wouldn't complain if the max was higher. .
"Only 13% of participants maxed out their 401(k) in 2017 (when the limit was $18,000), according to a 2018 Vanguard report about its investors."
https://www.marketwatch.com/story/m...-may-be-easier-than-you-think-2019-03-05
