Here’s How Much Americans Lost in Retirement Savings Last Year

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American retirement portfolios took it on the chin last year. The average workplace retirement plan balance plunged from $144,280 to $111,210 by the end of 2022, according to a new report from human resources consulting firm Alight. The decline should be no surprise: 2022 ranked as one of the worst years that the stock market has ever seen. Watching retirement savings drain away was no doubt…

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Chris Kissell

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