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Economy
Retirement savings plunge 23% from a year ago due to stock market volatility - with the average Fidelity 401(k) dropping below six figures to $97,200
2022-11-18
[Daily Mail, where America gets its news]
  • Fidelity on Thursday said average 401(k) is down 23% from a year ago

  • 401(k) savers have $97,200 on average after third straight quarter of decline

  • Volatility in the stock market has hammered savings accounts this year

  • But Gen Z 401(k) savers actually increased their balances slightly last quarter
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