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

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


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.

1 Recent Items: Inflation

How are European countries coping with record-breaking inflation and recession fears?

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.