A new report shows Americans’ retirement savings are not growing at the same pace as stocks, which are again hovering around record highs. Over the last decade, the average 401(k) account balance grew about 124 percent, while the Dow skyrocketed 214 percent. CBS News business analyst Jill Schlesinger joins “CBS This Morning” to offer financial advice.

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12 replies
  1. zelmoziggy
    zelmoziggy says:

    If everyone invested their entire 401(k) balances in Dow Jones Industrial Average index funds, their returns would've matched the Dow's return. Most older people don't put all their money in stocks, and most financial advisors don't advise them to.

    Reply
  2. Matthew Vizcaino
    Matthew Vizcaino says:

    Participate and investing your money wrong is 2 different thing's… Ok then. I been at my job for 11 years and kept a good eye on my 401k and invest 16% of my paycheck into it and I have $150k now. Other people that I talk to invested in not smart ways and they have 38k-50k. Now again I have aspergers so you can easily say I am not that smart what most do but people are investing there money wrong and then cry about it later. They also buy stocks when they are CRAZY high when they are more likely to go down then to split.

    Reply
  3. Some Person
    Some Person says:

    You can call it what you want but it's the "Management fees" that they charge to do anything. Why should I pay you 10% to do nothing except hold my stocks? I'd rather buy indexes that charge 3%, and the S&P 500 index has grown more than anything else in a century…

    Reply
  4. Mr Thomas
    Mr Thomas says:

    First of all why our savings even have to grow i'm asking? We pay taxes on every step, and whats left in our savings is even more taxed by the biggest tax of all: Inflation. This is the main problem, all over the world the governments just keep printing or lending the money, which means stealing from us!! The more they print, the more we loose.

    Reply
  5. Douglas Barton
    Douglas Barton says:

    We have a $1 trillion budget deficit, and a $23 trillion national debt, , and Trump Feels Fine

    How can we be in a booming economy

    Part of the reason that the economy is doing well is because our government is borrowing money from overseas and then spending that money to make the economy seem like it is doing better than it is. It is debt-fueled spending, like when you have a $50,000 salary and you buy a Mercedes SUV, a $1.2 million house, and spend your vacations in Switzerland, skiing at resorts. That sure sounds like a great lifestyle, but in reality, you can’t afford it, and the bill will come due.That is how the US government is currently managing its money. It is spending heavily, typically on things we don’t need (like Army tanks that the Army doesn’t even want), while letting our infrastructure degrade, letting our education system fall behind the civilized world, and letting our children grow up to inherit a debt that may destroy the country.

    Reply

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