- According to Fidelity Investments, the average 401(k) has declined by 23 percent compared to last year.
- One year ago, the average 401(k) balance stood at $126,100. It dropped in June to an average of $103,800 and today, the average balance is $97,200.
- Similarly, the average IRA balance has declined by 25 percent following three consecutive quarters of decline.
Trending
Stock Market Volatility Tanks Retirement Savings By 23%
Savings accounts take beating with average 401(k) dropping below six figures
