Retirement account balances have rebounded sharply since the first quarter of 2009--when the stock market bottomed out.
According to a new report from the Urban Institute, retirement accounts--defined contribution plans and IRAs--had lost 31 percent ($2.7 trillion) of their peak value by the end of the first quarter.
Since then, account balances gained roughly $1.7 trillion, ending 2009 at around $7.6 trillion.
The Urban Institute says although current retirement account assets remain 12 percent below their peak value in 2007 (assets exceeded $8.6 trillion in the third quarter), they are above their 2005 value and near their 2006 value.
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