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Poll results

Sponsored by: GoNetspeed, a fiber internet provider

Despite economic uncertainty and sharp swings in the stock market, Americans' retirement accounts grew in size during the second quarter of 2023, Fidelity Investments recently reported. The quarter was the third consecutive period to show an increase in account balances.

The average IRA balance grew to $113,800, up 5% from the previous quarter and a 41% increase from 10 years ago, according to nationwide data compiled by Fidelity.

The average 401(k) balance jumped to $112,400, a 4% increase from the previous quarter and a 39% increase from 10 years ago. 

At the same time, the average 403(b) balance increased to $102,400, 5% more than the amount in the previous quarter and a whopping 65% spike from 10 years ago.

How confident are you that your long-term savings or financial plans are where you need them to be at this point?
Right now, I'm very confident that I'm prepared for the long term (28%, 45 VOTES)
Right now, I'm somewhat confident that I'm prepared for the long term (43%, 70 VOTES)
Right now, I'm somewhat doubtful that I'm prepared for the long term (19%, 30 VOTES)
Right now, I'm very doubtful that I'm prepared for the long term (10%, 16 VOTES)
Poll Description

Sponsored by: GoNetspeed, a fiber internet provider

Despite economic uncertainty and sharp swings in the stock market, Americans' retirement accounts grew in size during the second quarter of 2023, Fidelity Investments recently reported. The quarter was the third consecutive period to show an increase in account balances.

The average IRA balance grew to $113,800, up 5% from the previous quarter and a 41% increase from 10 years ago, according to nationwide data compiled by Fidelity.

The average 401(k) balance jumped to $112,400, a 4% increase from the previous quarter and a 39% increase from 10 years ago. 

At the same time, the average 403(b) balance increased to $102,400, 5% more than the amount in the previous quarter and a whopping 65% spike from 10 years ago.

  • 161 Votes
  • 1 Comments
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1 Comments

  • September 27, 2023

    If you had a $1 in 2020, you would need $1.19 today to have the same purchasing power. How could anyone be confident? Are we able to count on Social Security? Will the government tax our retirement funds even more to pay for the trillions they are giving away? Will health care and insurance continue to skyrocket (healthcare insurance has grown 54.1% since 2008). The only thing I am confident of is that the government will tax me when I die, so spend it, or the folks in DC and Augusta will.