Fidelity: Average IRA and 401k balance unchanged since 2018 (despite 22% inflation)

Gaius · 2023-12-07T13:57:10.315Z

Fidelity® Q3 2023 Retirement Analysis: Workers Commit to the Long-Term While...

BOSTON, November 20, 2023 – According to the latest data from Fidelity Investments®’ Q3 2023 retirement analysis, account balances have decreased slightly since last quarter, while withdrawals...

Gaius · 2023-12-07T13:59:08.878Z

Meanwhile inflation since then has totaled 22%

image1286×660 39.4 KB

fred.stlouisfed.org

Consumer Price Index for All Urban Consumers: All Items in U.S. City Average...

View data of the CPI, or an inflation measure derived from tracking the changes in the weighted-average price of a basket of common goods and services.

Gaius · 2023-12-07T17:29:37.119Z

Added later:
Here is the S&P for the past two years of so.
I’ve been calling it “flat” or “net flat” or some such, although

strictly speaking it is down 4.8%
inflation (as measured by CPI) has been 11%.

Government workers, and social welfare recipients have gotten increases of ~17% because, (those on the left point out,) when you take all the costs of inflation into consideration the cost of living really has gone up that much." (it’s on one of the threads here.)

image900×449 63.2 KB

peek-a-boo · 2023-12-07T19:46:56.944Z

One thing is certain. At some point the S&P will continue its climb.

Gaius · 2023-12-07T20:20:00.064Z

peek-a-boo:

One thing is certain. At some point the S&P will continue its climb.

Yes, that is certain.

S&P spends roughly two-thirds of its time moving bumpy sideways
One third of its time moving up.

Sooner or later it will move up again.

image900×600 62.3 KB