Average 401(k) Down 25% In 2022 & US Pensions Face An Even Bigger Crisis | TPTS

The average person’s 401(k) has lost some $34,000 in value since the start of the year, new economic research found. The average #401k had more than $135,000 at the start of this year, those assets have since shrunk on average to about $101,000. That is about a 25% decline.

According to the Federal Reserve, U.S. defined-benefit #pensionplans have (and owe) a total of about $17 trillion. The U.S. isn’t facing the kind of immediate pension panic that just rocked the U.K., our long-term #pensioncrisis is much bigger.

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