Proposed 401k limit -- $2400 per year

$2400? frick that. You have a link?

So apparently, the median amount (50%) that Americans have saved for retirement is . . . $5,000.

quote:

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But that number doesn't tell the whole story. Since so many families have zero savings and since super-savers can pull up the average, the median savings, or those at the 50th percentile, may be a better gauge. The median for all working-age families in the U.S. is just $5,000.

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CNBC LINK

Yeah, the optics would be horrible to reduce it that much.

Why does it seem like the middle class is constantly getting fricked

I'll just put up to my max amount in 401k,max out a roth, and just use a taxable account to put the rest in. That way I can use it whenever I want to retire

So I know everyone on the MT is an expert with their money... but he's the reality out there in the USA:

A $2,400 per person per year limit would be in excess of what 75% of the county is actually saving per year.

In other words... this change would not impact most people.

I understand how sad that sounds.

So... given that... this one is actually politically very easy to deal with... Especially considering union employees still mostly get pensions (which are not affected by this). This is also an easy class warfare battle for the left.