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America's 401(k) millionaires have plunged by a third

Por: CBS News Business February 24, 2023

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America's ranks of so-called 401(k) millionaires are diminishing following last year's stock market rout. The number of 401(k) accounts with at least $1 million in retirement savings fell 32% last year, to 299,000, from 442,000 in 2021, according to new data from Fidelity Investments. The shrinking number of 401(k) millionaires comes after the S&P 500 tumbled 19.4% last year and entered the longest bear market since the 2008... + full article



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