January 29, 2015
NO ONE HAS IT HARDER THAN THEIR FATHER DID:
Average 401(k) balance hits record $91,300 (Melanie Hicken, January 29, 2015, CNNMoney)
401(k) balances reached a record high last year, thanks to a soaring stock market and larger contributions from workers participating in the savings plans..At Fidelity, the average 401(k) balance hit $91,300 by the end of 2014. While that's up just 2% from 2013, it's a jump of more than 30% from 2011's average balance of $69,100, Fidelity reported.
Posted by Orrin Judd at January 29, 2015 6:32 PM
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