(Photo: Shutterstock)

Many people are starting to internalize the idea of volatile markets, inflation and the prospect of recession. A new Fidelity Investments Q3 Retirement Analysis shows that the percentage of individuals with negative feelings about their finances stands at 32%, which is greater than those who have positive feelings at 30%.

A year ago, the numbers were quite different when workers who felt positive about their finances (45%) was more than twice the percentage of those with negative feelings (22%). The average 401(k) balances dropped from $126,100 at the end of the third quarter in 2021 to $97,200 in Q3 2022, down 22.9%.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.