February 24, 2011

JUST LIKE THE GREAT DEPRESSION:

401(k) savings hit record high (Jessica Dickler, February 23, 2011, (CNNMoney)

The average 401(k) balance hit a 10-year high at the end of last year as the recession waned and more Americans bulked up their retirement savings.

At the end of 2010, the average 401(k) balance had risen to $71,500 -- up 11.5% from $64,200 a year earlier, according to a report released Wednesday by Fidelity Investments.

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Posted by Orrin Judd at February 24, 2011 6:52 AM
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