Beginning in 2024, workers will be allowed to contribute up to $23,000 to their 401(k), an increase of $500 from this year. The increase applies to other retirement savings accounts, including the 403(b) plan, most 457 plans and the federal government’s Thrift Savings Plan.

  • CmdrShepard@lemmy.one
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    1 year ago

    If you’re earning poverty wages there’s not a lot you can do. They’re called poverty wages for a reason. Considering you can’t really bring spending down at this income level, the only path is to increase income somehow.