nest shaped like a human head containing an egg labeled 401k (Photo: Shutterstock)

Whether it’s post-pandemic-related or worries about the economy, Americans are saving for retirement. A study from the Investment Company Institute – Defined Contribution Plan Participants’ Activities, 2022 – shows that only 2.5% of defined contribution (DC) plan participants stopped contributing to their plans last year, indicating disciplined savings habits through stretches of historic market volatility.

Compared with 2021 data, the percentage of DC plan participants withdrawing account funds held steady at 4.1%, suggesting that Americans are committed to preserving their retirement nest eggs even during challenging times.

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