The financial crisis, the Great Recession, and the stock market downturn hit a lot of people hard. Millions lost jobs, virtually every investor suffered significant losses, and many of those impacts never fully went away.
10 years later, we looked at workplace savings data for people who stayed in their plans for the last 10 years, conducted a survey, compared the results to national data, and checked in with professional fund managers to see what changed, and what stayed the same.
The lessons for savers
Views from the pros
The average savings rates, account balances and asset allocation data in this story are based on a longitudinal study of active participants in Fidelity record-kept corporate defined contribution savings plans. The data looked at a cohort of 1,470,700 participants who were active in workplace savings plans for the entire period from June 2007 through June 2017. Please note that past performance is not a guarantee of future results and the averages can obscure significant variation for individual account results.