Fidelity: Average 401(k) Participant Has Saved $1,700 Since January

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Low ball

Is it just me or does this sound extremely low. I imagine this is pulled down by people who completely ignore savings. It'd be nice to have some stats related to people with a moderate savings behavior and beyond.

PF of DC @ May 19, 2009 20:03:40 PM

retirement

I've lost ALL trust in the banks and our Government. All they've done is take and they just keep right on taking, kicking everyone while they are down.

Linda of NJ @ May 19, 2009 13:26:11 PM

What about the losses?

This is not groundbreaking news--401K deductions are automatic. A better metric would've been to show if employees reduced their percentage deduction to limit exposure or provide more pocket money in light of the economy.
Also would've been more newsworthy to report the percent loss of value for the average 401K plan.

charlie S. of NY @ May 18, 2009 23:16:18 PM

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Fidelity: Average 401(k) Participant Has Saved $1,700 Since January

Low ball

retirement

What about the losses?

Planning to Retire

Money

Fidelity: Average 401(k) Participant Has Saved $1,700 Since January

Low ball

retirement

What about the losses?

Planning to Retire

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Money