Tag: 401ks

Piggy bank wearing eye glasses facing a calculator on a blue background

Older high-income households with a 401(k) gained; everybody else lost.  The Federal Reserve’s 2022 Survey of Consumer Finances (SCF) summarizes changes in family finances between 2019 and 2022 – three years of COVID and economic disruption, and 2022 was also a terrible year in terms of stock and bond returns.  At the same time, t…

A businessman is looking at a graph on a monitor

It is always interesting to look at Vanguard’s most recent edition of “How America Saves.”  And it is particularly interesting to get the numbers for 2022 – not a good year for the stock market.  Indeed, the news isn’t good for 2022.  More importantly, the longer-run trends – despite a great expansion in auto-enrollment –…