Posted on Dec 15, 2023

401(k), IRA balances fell for older millennials, young Gen Xers during the pandemic. Here's why

3.67K

"Median combined 401(k) and IRA balances for 35- to 44-year-olds declined to $50,000 in 2022 from $63,500 in 2019, according to the Center for Retirement Research at Boston College."

401(k), IRA balances fell for older millennials, young Gen Xers during the pandemic. Here's why

Posted from cnbc.com

Posted in these groups: 098d857

Coronavirus COVID19 523d8c67

Generation 48fc8f6

Millennials Personal finance tips

Personal Finance Investing logo

Investing

Posted 11 mo ago

401(k), IRA balances fell for older millennials, young Gen Xers during the pandemic. Here's why

401(k), IRA balances fell for older millennials, young Gen Xers during the pandemic. Here's why

Join nearly 2 million former and current members of the US military, just like you.