"Rapid Rise in 401(k) Millionaires Signals Retirement Wealth Surge"

The number of Americans with $1 million or more saved in their 401(k) accounts increased by 10% from April to June, according to Fidelity Investments. Additionally, there was a 13% rise in millionaires with IRA accounts held at the firm during the same period. Overall, retirement account balances increased for all savers, with the number of people hitting the million-dollar mark soaring by 20% in the first half of the year. Factors contributing to these gains include ongoing contributions, positive market performance, and the ability to stick to long-term investing.