Summary
The article reveals that by the end of Q2 2025, 595,000 401(k) accounts surpassed $1 million, marking a new record—up from 512,000 in Q1 and 497,000 a year earlier. The average 401(k) balance climbed 8% year-over-year to $137,800, propelled by a strong market rebound. Savers maintained discipline amid volatility: just 5.5% shifted asset allocations, and savings rates held strong at 14.2%, nearly matching Fidelity’s target of 15%. Notably, IRA contributions increased by 25% among Gen Xers and 3% among Baby Boomers.
Money
Read the Full Article
The dedicated team at Newsletter Station has provided this summary for your convenience.
Harness the potential of email marketing with Newsletter Station. Reach your target audience, drive conversions, and achieve your business goals.
|
|
|
