US Retirment Savings Are At An All-Time High

According to a study by Fidelity, average contributions to retirment accounts are at an all time high. Up 4.7% from 2012, Americans hold an average of $89,100 in the IRAs, up 10% year over year. Contributions are up across all age groups, and more than ever people are putting savings into IRA’s as an alternative to the traditional 401K. Perhaps the affect of witnessing one of the worst economic stretches in recent history, but certainly a postive trend.