Just because you’re paid hourly doesn’t mean you can’t save for retirement. Part-time and hourly employees can also receive workplace benefits, like access to a 401(k) plan.
But what if your income is relatively low? According to the U.S. Bureau of Labor Statistics, the median weekly earnings of full-time employees (those who work at least 35 hours a week) is $1,196. Assuming a 35-hour workweek, that’s around $34 an hour.
