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401(k) Balances Plunge by 23% in 2022
401(k) Balances Plunge by 23% in 2022,The average 401(k) balance lost 23% of its value in 2022, in line with the 20% drop in the S&P 500 benchmark index, according to Fidelity data released Thursday.

401(k) Balances Plunge by 23% in 2022

The average 401(k) balance lost 23% of its value in 2022, in line with the 20% drop in the S&P 500 benchmark index, according to Fidelity data released Thursday.