401(k) savings went up in 2020, but so did retirement worries
Despite new figures showing higher savings rates and account balances, just over half of people said they are worried about how the pandemic will affect their financial security in retirement.
Retirement account balances hit a high point at the end of 2020, rising by about 10% over the year, but many people remain worried about how Covid-19 will affect their savings.
The average size of an individual retirement account at Fidelity Investments at year-end was $128,100, up from $115,400
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