Stock Market

The Only 401(k) Savers Who Didn’t Lose Money in The Past Year

Photo of Nora James Nora James February 24, 2023
Less than a minute
The Only 401(k) Savers Who Didn’t Lose Money in The Past Year
[ad_1]

The only workers whose

401(k) balances grew in 2022 were the Gen Z savers still decades away from retirement, according to new data from Fidelity Investments. 

While the average nest egg among Fidelity’s accounts lost 23% in 2022, Gen Z workers born between 1997 and 2012 posted a gain of 14%, the investment company and retirement plan provider said. Every other age group lost money. This wasn’t investment savvy or beginner’s luck so much as the good fortune to not have that much invested yet as markets tanked, the data suggests.

What’s News

[ad_2]

Share this news on your Fb,Twitter and Whatsapp

File source

Times News Network:Latest News Headlines
Times News Network||Health||

No related posts.

Tags
Show More
Photo of Nora James

Nora James

Related Articles

Photo of Prediction: This Will Be the Best-Performing Warren Buffett Stock Over the Next 5 Years

Prediction: This Will Be the Best-Performing Warren Buffett Stock Over the Next 5 Years

March 3, 2024
Photo of 5 Top Stocks to Buy in March

5 Top Stocks to Buy in March

March 3, 2024
Photo of A Once-in-a-Generation Investment Opportunity: 1 Artificial Intelligence (AI) Growth Stock to Buy Now and Hold Forever

A Once-in-a-Generation Investment Opportunity: 1 Artificial Intelligence (AI) Growth Stock to Buy Now and Hold Forever

March 3, 2024
Photo of U.S. Money Supply Is Making History for the First Time Since the Great Depression, and It Implies a Big Move in Stocks Is on the Way

U.S. Money Supply Is Making History for the First Time Since the Great Depression, and It Implies a Big Move in Stocks Is on the Way

March 3, 2024

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close