May 10, 2011
FUNNY SORT OF DEPRESSION:
Have 401(k)s Recovered Yet? (Emily Brandon, May 10, 2011, US News)
Retirement accounts held about $8.7 trillion in the third quarter of 2007. However, 401(k)s and IRAs then lost 31 percent of their peak value and held just $6 trillion by the end of the first quarter of 2009. Retirement accounts finally rebounded to their peak value, again reaching $8.7 trillion, in the first quarter of 2011, according to calculations by Urban Institute researchers Barbara Butrica and Philip Issa. But once inflation is factored in, retirement account balances are still 5 percent below the 2007 peak value.
Thanks, W. Posted by Orrin Judd at May 10, 2011 3:10 PM