Summary
Stock market volatility reduced the number of U.S. 401(k) millionaires in the first quarter of 2026, ending a year-long streak of record growth. Fidelity reported that 645,000 retirement accounts held at least $1 million, down 3% from the previous quarter’s all-time high. Average 401(k) balances also fell as the S&P 500 posted a quarterly decline. Despite the setback, long-term retirement savings trends remained strong. Workers increased contributions, pushing the average savings rate to a record 14.4%, while employer contributions reached new highs. Experts advised investors to stay focused on long-term goals rather than short-term market fluctuations.
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.
|
|
|
