Fidelity Investments Q2 2023 retirement analysis shows increase in retirement account balances for third consecutive quarter

On Aug. 17, Fidelity Investments released a Q2 2023 retirement analysis showing a successive quarterly growth in retirement account balances. The analysis, which studied more than 45 million IRA, 401(k), and 403(b) retirement accounts, reported substantial growth in 401(k) balances, with a notable 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.