Total U.S. retirement assets rose 6.3 percent to $18.9 trillion in the first quarter of 2012, up from $17.8 trillion on Dec. 31, 2011, according to data compiled by the Investment Company Institute.
The increase in retirement assets was driven in part by the rise in corporate equity values. The S&P 500 Total Return Index grew by 12.6 percent in the first quarter, for example. Retirement savings accounted for 36 percent of all household financial assets in the United States at the end of the first quarter.
There was $5.2 trillion in individual retirement accounts at the end of the first quarter, an increase of 7.3 percent from the end of the fourth quarter of 2011. Forty-six percent of IRA assets, or $2.4 trillion, were invested in mutual funds.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
