IRA Contributions Are Surging, but Not for All
March 19, 2025 by John Manganaro
The share of households contributing to individual retirement accounts has ticked up in recent years — a little bit for low-income workers and a lot for those younger than 40.
The surge in younger contributors is most likely due to new fintech platforms that promote IRAs to millennials, according to a new analysis by the Center for Retirement Research. These contributors also tend to have a 401(k), so IRAs supplement those already with a retirement saving strategy.
Originally Posted at Think Advisor on March 17, 2025 by John Manganaro.
Categories: Industry Articles
