July 18, 2013

THE SAVINGEST PEOPLE EVER:

IRA balances hit five-year high, Fidelity says (Angela Johnson, July 17, 2013, CNNMoney)

The average IRA balance -- including both traditional IRAs and Roth IRAs -- stood at $81,100 at the end of 2012, up 53% from 2008 when balances hit their lowest point since the market meltdown, according to Fidelity Investment's analysis of nearly seven million IRA accounts.

Total contributions to IRAs increased every year since 2008 with the average annual contribution among Fidelity's IRA holders up 7.5% to $3,920. Year-over-year, contributions to IRAs were up 3.1%. [...]

And no group saw a bigger increase in balances than savers ages 30 to 39. This group saw a staggering 105% increase in their average balances between 2008 and 2012.

Posted by at July 18, 2013 5:13 AM
  

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