Fidelity: Average 401(k) Participant Has Saved $1,700 Since January

Reader Comments

Back to blog

Is it just me or does this sound extremely low. I imagine this is pulled down by people who completely ignore savings. It'd be nice to have some stats related to people with a moderate savings behavior and beyond.

PF of DC 8:03PM May 19, 2009

I've lost ALL trust in the banks and our Government. All they've done is take and they just keep right on taking, kicking everyone while they are down.

Linda of NJ 1:26PM May 19, 2009

This is not groundbreaking news--401K deductions are automatic. A better metric would've been to show if employees reduced their percentage deduction to limit exposure or provide more pocket money in light of the economy.

Also would've been more newsworthy to report the percent loss of value for the average 401K plan.

charlie S. of NY 11:16PM May 18, 2009

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Back to blog

Planning to Retire

Senior editor Emily Brandon tells you how to get ready financially for retirement and to make your golden years the best they can be.

advertisement

Best of Planning to Retire

A Retirement Timeline

Use these guidelines to take advantage of perks and avoid penalties in your retirement years.

The 20 Fastest-Growing Jobs for Aging Boomers

Find a new job in one of these up and coming career fields.

6 Ways to Make Your Retirement Accounts Last Longer

Here is how to make sure that your nest egg lasts the rest of your life.

Our retirement readiness calculator will provide a rough idea of how long your retirement savings and income will last.


advertisement