Retirement savers experienced positive growth in 2024, despite a slight third-quarter stumble, Fidelity Investments reported Thursday.
Roger Stiles, head of Fidelity Wealth, noted that researchers have observed an upward savings trend in the fourth quarter similar to those of several recent quarters. “This is encouraging news and is particularly important for many Gen X savers, who are able to make catch-up contributions.”
Fidelity’s fourth-quarter analysis took into account savings behaviors and account balances for more than 50 million IRA, 401(k) and 403(b) retirement accounts.
The analysis also placed a spotlight on the shift in how Americans are defining retirement, based on two research papers: Rethinking Retirement and Is Retirement Retiring?
See the gallery for six findings from Fidelity’s fourth-quarter analysis.
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