Startup DreamersStartup Dreamers
  • Home
  • Startup
  • Money & Finance
  • Starting a Business
    • Branding
    • Business Ideas
    • Business Models
    • Business Plans
    • Fundraising
  • Growing a Business
  • More
    • Innovation
    • Leadership
Trending

TP-Link Announces Breakthrough By Demonstrating Its First Wi-Fi 8 Connection

October 13, 2025

This Startup Wants to Spark a US DeepSeek Moment

October 13, 2025

Jaron “Boots” Ennis TKO’s Lima – Critics Still Unsatisfied

October 12, 2025
Facebook Twitter Instagram
  • Newsletter
  • Submit Articles
  • Privacy
  • Advertise
  • Contact
Facebook Twitter Instagram
Startup DreamersStartup Dreamers
  • Home
  • Startup
  • Money & Finance
  • Starting a Business
    • Branding
    • Business Ideas
    • Business Models
    • Business Plans
    • Fundraising
  • Growing a Business
  • More
    • Innovation
    • Leadership
Subscribe for Alerts
Startup DreamersStartup Dreamers
Home » U.S. Retirement Savings Plummet — How Do Yours Compare?
Money & Finance

U.S. Retirement Savings Plummet — How Do Yours Compare?

adminBy adminJune 16, 20230 ViewsNo Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email

Inflation’s hitting Americans — and their retirement savings — hard.

The average balance in employer-sponsored contribution plans dropped more than 20% last year, according to new research from Vanguard Group reported by Fox Business.

Vanguard tracks roughly five million retirement accounts and found that the average balance for 401(k)s and 403(b)s was $112,572 in 2022 — a $30,000 dip from the year before. The decline was “driven primarily by the decrease in equity and bond markets,” per the report.

Related: Americans Aren’t Saving Enough — Inflation, Spending to Blame

Additionally, one in three survey participants had an account balance of less than $10,000, while one in four had one exceeding $100,000 and just 12% had one of $250,000 or more.

The number of Americans taking a hardship withdrawal from their employer-sponsored accounts is also on the rise: 2.8% did so in 2022 — up from the 2% that did before the pandemic, according to the report.

Inflation has led consumers to withdraw an average of $616.73 from their savings accounts to keep up with their expenses, according to a New York Wealth Watch Survey reported by USA Today.

Related: Americans’ Debt Just Exceeded $17 Trillion for the First Time

Americans are also accumulating significant credit card debt to make ends meet: They hold a record debt amount of nearly $991 billion, per the Federal Reserve Bank’s latest data.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

I Fell for a $1.25 Million Scam — Now MrBeast Is Helping Me Hunt Down the Scammers

Money & Finance September 23, 2025

CEO’s ‘Powerful’ Business Change Leads to 8-Figure Revenue

Money & Finance September 21, 2025

Expanding Your Small Business? You Need to Prepare For This Money Challenge

Money & Finance September 20, 2025

How to Spot a Real Day Trading Mentor (and Avoid Pretenders)

Money & Finance September 18, 2025

Over Half of Workers Tell Employers This Expensive Lie

Money & Finance September 17, 2025

What Every Small-Business Founder Needs to Know About Stablecoins and Digital Dollars

Money & Finance September 15, 2025
Add A Comment

Leave A Reply Cancel Reply

Editors Picks

TP-Link Announces Breakthrough By Demonstrating Its First Wi-Fi 8 Connection

October 13, 2025

This Startup Wants to Spark a US DeepSeek Moment

October 13, 2025

Jaron “Boots” Ennis TKO’s Lima – Critics Still Unsatisfied

October 12, 2025

Google Quietly Upgrades Chrome For All 3 Billion Android Users

October 11, 2025

Why Are Car Software Updates Still So Bad?

October 11, 2025

Latest Posts

Sam Altman Says the GPT-5 Haters Got It All Wrong

October 10, 2025

Extra Clues, Answers For Thursday, October 9

October 9, 2025

Your Delivery Robot Is Here

October 9, 2025

10 Things You Should Know About The New Game

October 8, 2025

OpenAI Wants ChatGPT to Be Your Future Operating System

October 8, 2025
Advertisement
Demo

Startup Dreamers is your one-stop website for the latest news and updates about how to start a business, follow us now to get the news that matters to you.

Facebook Twitter Instagram Pinterest YouTube
Sections
  • Growing a Business
  • Innovation
  • Leadership
  • Money & Finance
  • Starting a Business
Trending Topics
  • Branding
  • Business Ideas
  • Business Models
  • Business Plans
  • Fundraising

Subscribe to Updates

Get the latest business and startup news and updates directly to your inbox.

© 2025 Startup Dreamers. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

GET $5000 NO CREDIT