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Even with Market and Economic Uncertainty, Retirement Savers Look Long Term and Continue to Save
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Aug. 17, 2022

"Average retirement account balances decreased, but less than the market decline in Q2 -- and less than the last major period of market volatility.... Significant growth occurred in IRA accounts, especially among Gen Z and Millennials.... Total 401(k) savings rates continue to hover at record levels.... The majority of retirement savers did not make changes to their asset allocation.... Outstanding 401(k) loans and average loan amounts continued to decline."

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