Americans' average 401(k) balance reaches record high, Fidelity data shows

Americans Get Major 401(k) Boost: who is Saving Most

Americans across all generations have boosted their retirement accounts, according to Fidelity.

401(k) Balances Climb to Record High in Second Quarter

The average balance climbed to $155,800 as markets recovered and workers maintained strong saving habits.

Average 401(k), IRA balances hit record highs — but more workers are raiding their accounts, Fidelity says

Record-high retirement account balances were offset by increased borrowing and hardship withdrawals from 401(k) and IRA plans, signaling financial stress among workers.

Americans' average 401(k) balance reaches record high, Fidelity data shows

As 401(k) balances hit record highs, Jade Warshaw told FOX Business that steady investing — rather than trying to time the market — is the key to long-term wealth.