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Trends and insights of those saving for retirement in America

Fidelity’s “Building Financial Futures” is our quarterly analysis is based on more than 30 million accounts across Fidelity’s retirement savings platform, and provides insight on investing trends, savings behaviour and scheme design across the US retirement landscape.

This quarter’s analysis provides an opportunity for both a snapshot of savings behaviours in Q4, along with an overview of retirement savings trends across 2022.

Here are three key highlights that we’ve identified from this quarter’s results:

  • Despite pressures from inflation, ongoing market volatility and a shifting employment landscape, workers continued to save across Fidelity’s retirement platforms in 2022. The average retirement account balance increased in Q4, although still below the average balances a year ago.
  • About a third of members on our US retirement savings platforms increased their savings rate in 2022, while employers continued to implement features to help employees with their savings efforts, including auto enrolment, Roth options and managed accounts.
  • In addition, while hardship withdrawals from retirement accounts increased slightly in 2022, the percentage of outstanding loans from retirement accounts continued to trend downward – actually matching the lowest percentage on record.

Download the full report* for additional insight on trends and behaviours we’ve identified this quarter and in 2022, and please be on the lookout for our Q1 update in early May.

*By following the link, you will be taken to this website is subject to separate terms and conditions and governed by the laws of the territory concerned.

This information is for scheme sponsors’, trustees’, their advisers’ and consultants’ use only and should not be relied upon by individual investors.

Fidelity refers to one or both of Fidelity International and Fidelity Investments. Fidelity International and Fidelity Investments are separate companies that operate in different jurisdictions through their subsidiaries and affiliates. All trademarks are the property of their respective owners.

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