A Costco worker earns $33 per hour and has accumulated over $1 million
A Costco employee has built significant wealth through decades of steady employment. The worker, who started at Price Club in 1986, earns $32.90 an hour as a cashier.
The employee’s path to wealth was facilitated by consistent pay increases and a generous 401(k) plan. When the company transitioned to Costco’s 401(k) plan in 1993, the worker began contributing to the account.
The worker’s hourly pay has steadily climbed from around $10 in the 1990s, with compound growth contributing to the accumulation of over $1 million in their 401(k).