Finance

January 1, Retirement Accounts See $3.4T Loss

Published

4 years ago

June 24, 2022

Americans’ 401(k) and IRA accounts have lost a combined total of about $3.4 trillion since January, according to a new report.

The S&P 500 is down about 20% since the beginning of 2022, and Marketwatch says it impacts retirement savings.

Marketwatch estimates that IRA accounts have lost $2 trillion, while 401(k) accounts have lost $1.4 trillion since the beginning of the year.

The outlet also noted that some Americans hold other equities besides retirement accounts.

“In 2021, these holdings amounted to $32.2 trillion. Applying the 20% decline means that people have lost an additional $6.4 trillion in direct holdings,” Marketwatch reported.

“These individuals, however, are much less likely to be forced to sell and can wait out the decline to recoup their losses.”

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Wyatt Porter

Wyatt Porter is a seasoned writer and constitutional scholar who brings a rugged authenticity and deep-seated patriotism to his work. Born and raised in small-town America, Wyatt grew up on a farm, where he learned the value of hard work and the pride that comes from it. As a conservative voice, he writes with the insight of a historian and the grit of a lifelong laborer, blending logic with a sharp wit. Wyatt’s work captures the struggles and triumphs of everyday Americans, offering readers a fresh perspective grounded in traditional values, individual freedom, and an unwavering love for his country.