Your Money Minute Record Number Of 401k Millionaires In US 9/17/25
Sep 17, 2025
A record-breaking 595,000 Americans are now 401(k) millionaires! The discussion dives into how savers maintained their contributions despite a dramatic 20% drop in the S&P 500 and a 10% rebound. Panic selling was avoided, showcasing a resilient approach to investing. Plus, the insights hint at the importance of slow and steady investment strategies for long-term financial health. Tune in for tips on fostering your financial growth!
AI Snips
Chapters
Transcript
Episode notes
Record Number Of 401(k) Millionaires
- The U.S. hit a record 595,000 401(k) millionaires by June 30th, per Fidelity data.
- Account balances also reached a new high alongside the increased millionaire count.
Market Volatility Fueled Recovery
- The S&P 500 plunged ~20% after tariff news then recovered to finish the 12-week period up 10%.
- That volatility yet net gain helped lift many 401(k) balances to new records.
Keep Contributions Steady During Drops
- Investors largely avoided panic and kept saving, maintaining contribution rates near 15%.
- Steady contributions and holding S&P 500 index funds helped accounts recover and grow.