June 24, 2022

Retirement Accounts See $3.4T Loss

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.”

One comment on “Retirement Accounts See $3.4T Loss

  1. Lisa says:

    my mutual funds has lost $10,000 in just a couple of months

Comments are closed.

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