Wow! Did you know that lots more people have over a million dollars saved for retirement? It's amazing how much money people can save over time! This news is all about how many people reached this big milestone in 2024.
Fidelity, a big investment company, looked at retirement accounts. They found that many people are saving really well for their future.
This isn't about cryptocurrency; it's about smart saving!
- Many more people hit the $1 million mark in their retirement accounts.
- The average retirement account balances also grew a lot.
- Gen X savers had the highest average balances.
- Millennials are using special tax-saving accounts more often.
| Fact | Number |
|---|---|
| Millionaires in 401(k)s | 537,000 (up 27%) |
| Millionaires in IRAs | 344,413 (up 8%) |
| Average 401(k) balance | $131,700 |
| Average IRA balance | $127,534 |
| Average Gen X balance | $589,400 |
