✉news BusinessPersonal Finance first seen 2 d ago, last 2 d ago, peak #5
Fidelity savers who kept same 401(k) for five years average over twice as much
Original: Fidelity Savers Who Stayed in the Same 401(k) Five Years Straight Average $304,200, Versus $146,400 Across All Savers
Fidelity data show 401(k) savers who stayed in the same plan for five consecutive years have an average balance of $304,200, more than double the $146,400 average across all savers. The figures highlight how job stability and uninterrupted contributions compound over time, prompting discussion about the cost of job-hopping for retirement savings.
Why now: The stark gap between loyal savers and the overall average gives people a fresh angle on debates over job-hopping versus staying put.
Evidence
- Fidelity Savers Who Stayed in the Same 401(k) Five Years Straight Average $304,200, Versus $146,400 Across All Savers · 24/7 Wall St.
API: https://socialmediatrends-api.osmike.com/v1/trends/4886581