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Record Number of 401k and IRA Millionaires Amid Rising Market Gains

The number of 401(k) and IRA millionaires has reached record highs, with 497,000 401(k) accounts and 418,111 IRAs surpassing $1 million as of September 30. Average balances rose significantly, driven by market gains and steady contributions, although borrowing from 401(k) plans increased as financial pressures mount.
CNBC
Euro United States Dollar Bone Fide Wealth Fidelity Investments Federal Reserve Bank of New York N.A. USA Sharon Brovelli Mike Shamrell Show more
Finance & Economy, Market Report
16:44 06.12.2024
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