Bauctalk said:boognish_bear said:Gen Xers had an average balance of just under $600,000 in their 401(k) account in the third quarter, up 6% from the quarter before, according to Fidelity data.
— unusual_whales (@unusual_whales) December 19, 2024
This number can't be real. That's more than average for any age group.
The number of people with 401k greater than 500k is 9%.
This would seem to support that
58% of Americans aged 65 and older have only $100,000 or less in their 401(k)s, per GoBankingRates.
— unusual_whales (@unusual_whales) December 26, 2024