Recent market and economic conditions are worrisome for many retirement savers: in addition to market volatility and the potential for a bear market, inflation remains an ongoing concern. But even though the present market and economic landscape doesn’t seem too inviting, retirement savers are staying resilient.
In the first quarter of this year, the savings rate for people with 401(k) accounts reached 14%, a record high. Remaining focused on the long term is key to effectively navigating market volatility, and if this news is any indication, retirement savers are on the right track.
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