Workers are putting away a record share of their income for retirement.The average savings rate in 401(k) plans rose to a record high 14.3% of income in the first three months of this year, according to a Fidelity Investments analysis of the millions of accounts it manages. That is just a shade below the 15% annual savings rate financial advisers often recommend over a four-decade career.
Americans Are Finally Saving Almost What They’re Supposed to for Retirement
401(k) savings rates are just a shade below the commonly recommended 15% of income
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