American workers lapsed into investing inertia after the market collapsed in 2008, but standing still actually benefited many and helped their workplace retirement plan balances rebound by 31% between 2007 and 2010, Vanguard said this week.
What’s more, by the end of 2010 they had accumulated the highest average amount, $79,077, since the asset management firm started tracking the numbers in 1999. Vanguard published the findings in its “How America Saves 2011”, an annual report that examines retirement-planning trends.
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