"401(k) Millionaires Surge to Record Highs, Gen Z Leads Gains"
TL;DR Summary
Fidelity's analysis of 23.3 million 401(k) participants shows Gen Z's retirement savings grew 15% last quarter, outpacing millennials' 11% growth. Gen X's average balance surpassed boomers' for the first time among long-term savers, indicating their readiness for retirement. Despite market volatility, the number of 401(k) millionaires increased by 15% from the previous quarter.
- Gen Z makes bigger 401(k) gains than millennials, while Gen X tops boomers on key milestone, Fidelity says Fortune
- Retirement account balances hit highest level since 2021 Fox Business
- 401(k) millionaires surged 43% in the past year — here's how long it took them to reach $1 million Yahoo Finance
- Record number of 401(k) savers have balances over $1 million CNN
- There are more 401(k) millionaires than ever TheStreet
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