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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
Posted by:Skidmark

#4  Glad I put all my $retirement in FTX synthetic call derivatives.

Oh, wait...

Posted by: Anomalous Sources   2022-11-18 15:32  

#3  Not the Wall Street Journal; they are busy explaining how Trump forced Chicago teachers to stay home.
Posted by: swksvolFF   2022-11-18 11:04  

#2  Because my retirement is overweight in energy it has not gone up as much as the general market over the past few years but it hasn’t fallen much this year.
Posted by: Glenmore    2022-11-18 10:44  

#1  Yes, somewhere btwn 23% and 30%.
Posted by: Besoeker   2022-11-18 03:44  

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