Thursday, October 08, 2009

 

Average 401(k) Balance Fell 24% in 2008

Workers who had already been investing in their 401(k) for at least five years through 2008 saw their balances drop an average of 24% last year, compared with the S&P 500’s sharp 37% decline, the Investment Company Institute and the Employee Benefit Research Institute said.

Average 401(k) Balance Fell 24% in 2008
Source: Financial-Planning

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