Posted 2/28/2024, 5:07:00 PM
U.S. Workers Boost Retirement Savings and Million-Dollar 401(k)s in 2023, But Gaps Remain
- More than a third (37%) of U.S. workers increased retirement savings rates in 2023
- Number of Fidelity retirement accounts hitting $1M status grew by over 11%
- By end of 2023, 78% of 401(k) savers contributed enough to get full employer match
- 46% of retirees have no backup plan if retirement savings are depleted
- 22% of global workers say benefits are the main reason they stay with employer