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Published 3 months ago

Retirement account balances increase for third straight quarter

Summary by Fox Business

Despite recent market volatility, Americans’ retirement account balances increased in the second quarter of 2023, marking the third straight period of growth, according to the latest data by Fidelity Investments. The average IRA balance grew to $113,800, a 5% increase from last quarter, and a 41% increase from 10 years ago, according to the report. The average 401(k) balance jumped to $112,400, up 4% from the previous quarter, and a 39% increa…

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Retirement account balances increase for third straight quarter

Despite recent market volatility, Americans’ retirement account balances increased in the second quarter of 2023, marking the third straight period of growth, according to the latest data by Fidelity Investments. The average IRA balance grew to $113,800, a 5% increase from last quarter, and a 41% increase from 10 years ago, according to the report. The average 401(k) balance jumped to $112,400, up 4% from the previous quarter, and a 39% increa…

3 months ago·United States

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