Retirement analysis: Fidelity reveals average 401(k) lost 23% in 2022

There can be burdens to budgeting

katleho Seisa/E+ via Getty Images

How bad was 2022 for retirement accounts? Pretty awful. While 401(k)s rose in the fourth quarter, average balances finished the year down 23% to $103,900, according to Fidelity Investments, the nation’s largest provider of