401(k) balances rise, despite economic and market challenges | CNN Business

That’s according to new data from Fidelity Investments, one of the largest providers of workplace retirement plans, which combined represent $2.8 trillion in assets on its platform. “Fortunately, the data show that retirement savers understand the importance of saving for the long-term, despite market shift. We are encouraged to see people look past the current volatility and continue to make smart choices for their future,” said Kevin Barry, president of Workplace Investing at Fidelity.

In terms of 401 loans, the percent of active plan participants with outstanding ones remained at 16.7%. That’s down from 17% a year earlier and 21% from five years ago, Fidelity said. The average outstanding loan amount was $10,200. Among different age groups, Gen Xers had the highest average, followed by Baby Boomers. And even though they are just getting started in their careers and haven’t had a lot of time to amass savings, 3.

When you hit rock bottom there’s no other way to go 🙄

my link my views

Stupid article. The average 401k balances were down 20-25% in 2022. Some more

God I love it when Democrats are in charge my 401k goes crap my house starts losing its value they ruined the 99 cent store there's no more dollar menu at McDonald's God I love Democrats

Yup. Crap news outlets like CNN have been predicting a recession constantly under Biden, yet ill be damned. Economy is booming.

The giant oil company (French Total Yemen Company) bargains with 12 engineers who were forcibly dismissed from their jobs and in light of war and aggression to give up their rights, taking advantage of their difficult living conditions through its representatives in Sana'a and

But quarter 1-3 they tanked. All of em. Whip cream on 💩

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