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This is up a whopping 56% from the 349,000 in the previous year as the stock market and contributions have risen. Since Q1 2020, the number of 401(k) millionaires has nearly TRIPLED. Additionally, the average 401(k) account balance rose 23% year-over-year, to $132,300. Meanwhile, over 40% of full-time workers do not have access to retirement saving plans, according to the Economic Innovation Group. The wealth divide is widening. submitted by /u/XGramatik |
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Market Capitalization Growth of the Four Largest U.S. Banks (2000–2024) The combined market capitalization of J.P. Morgan, Bank of America, Citigroup, and Wells Fargo increased by 33% in 2024, rising from $1.04 trillion in December 2023 to $1.38 trillion by year-end.
submitted by /u/Pllover12 [link] [comments]