Evidence More People are Using 401(k) Plans

Report reveals workers set new high mark for using Vanguard workplace savings plans.

vanguard logo on smartphone
(Image credit: Getty Images)

It's never too early to start saving for retirement. The magic of compounding rewards getting even a small amount money into a 401(k) or other account earlier, rather than waiting and missing out on years of accruing interest. 

The youngest generation of workers get it. And so do those workers offered Vanguard retirement plans through their employers, according to a new report on the retirement behaviors of nearly 5 million Americans. 

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Ben Demers
Audience Engagement Manager, Kiplinger.com

Ben Demers manages digital content and engagement at Kiplinger, informing readers through a range of personal finance articles, e-newsletters, social media, syndicated content, and videos. He is passionate about helping people lead their best lives through sound financial behavior, particularly saving money at home and avoiding scams and identity theft. Ben graduated with an M.P.S. from Georgetown University and a B.A. from Vassar College. He joined Kiplinger in May 2017.