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Many people are starting to internalize the idea of volatile markets, inflation and the prospect of recession. A new Fidelity Investments Q3 Retirement Analysis shows that the percentage of individuals with negative feelings about their finances stands at 32%, which is greater than those who have positive feelings at 30%.
A year ago, the numbers were quite different when workers who felt positive about their finances (45%) was more than twice the percentage of those with negative feelings (22%). The average 401(k) balances dropped from $126,100 at the end of the third quarter in 2021 to $97,200 in Q3 2022, down 22.9%.
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