Fidelity: Q2 2023 retirement analysis reveals retirement account balances increased

Fidelity Investments disclosed on Aug. 17 that their Q2 2023 retirement analysis showed a successive quarterly growth in retirement account balances. The analysis, encompassing over 45 million IRA, 401(k) and 403(b) retirement accounts, reported substantial growth in 401(k) balances, with a remarkable 66% increase among Gen Z workers compared to Q2 2022 and young investors also observed a 34.4% year-over-year surge in IRA accounts, according to a press release.