Impact of Market Activity on 401(k) Account Balances
How much workers' 401(k) account balances have changed as a result of recent market activity according to The Employee Benefit Research Institute (EBRI) appears in the chart below:
The most recent results for Oct. 27, 2009
(Jan. 1, 2008-Oct. 27, 2009)
Among 401(k) Participants w
ith Account Balances as of Dec. 31, 2007
Job Tenure Age 25-34 Age 35-44 Age 45-54 Age 55-64
1-4 Years 86.79% 61.08% 45.0% 38.0%
5-9 Years 44.50% 14.90% 8.7% 7.8%
10-19 Years 4.70% -2.3% -2.7%
20-29 Years -6.6% -7.3% |
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Quote
"Our society at its core does not appreciate that if life spans are going to be 90 or more years, managing money properly through a lifetime is critical. Someday they will."
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