Bear witness to one of the miracles of inflation: it won’t be long until everyone is a millionaire…one way or the other. But for now, nominal millionaires have hit an all time high at Fidelity, according to a new report from Bloomberg.
In the second quarter, Americans aged 44 to 59 increased their IRA contributions to a five-year high, with total contributions up 30% from last year, according to a Fidelity Investments report.
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Fidelity Wealth President Roger Stiles noted that, despite financial pressures like college costs, aging parents, and healthcare expenses, Gen X savers are prioritizing retirement.
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