Americans have lost more than $1 trillion in 401(k) savings this year

Yahoo Finance published this video item, entitled “Americans have lost more than $1 trillion in 401(k) savings this year” – below is their description.

401K #401Ksavings #retirementsavings #yahoofinance

This segment originally aired on June 29, 2022.

Yahoo Finance columnist Kerry Hannon reports on how Americans’ retirement accounts are dwindling like never before thanks to market volatility and inflation.

Yahoo Finance YouTube Channel

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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