06.24.25

Participants Hit All-Time Savings High in Vanguard’s ‘How America Saves’ Report

by: Amanda Umpierrez

According to Vanguard’s “How America Saves” report, 45% of defined contribution participants raised their savings rates last year. When including nonparticipants, employees in automatic enrollment plans saved an average of 12.3%, considering both employee and employer contributions. Employees in voluntary enrollment plans saved an average of 7.4% due to lowered participation rates. These changes resulted in an average account balance of $134,128 and an average median balance of $35,286.

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