Retirement Balances Up 39 Percent Over Past Decade

Need2Know Headlines

41 balances went up across all groups in the second quarter. This is according to data from Fidelity which accounts for about 23 million retirement accounts. The company said the average 41 K balance went up to $112,000 in Q two. That's up 4% from quarter one. Fidelity also reported three straight quarters of balanced growth. That's 39% higher compared a decade ago. Over the past year, savings among baby boomers went up by 6.3% and young workers. This including Gen X. Millennials and Gen Z also saw an increase in their retirement funds with Gen X raising their balances by 14.5%. Millennials saw a 24.5% increase. Gen Z workers had a 66% increase.