Latest Articles by Mark

17 Retirement Statistics You Should Know in 2021
From individual retirement accounts to employer-sponsored 401(k) and 403(b) plans, the average American household has seen retirement accounts grow by 5%. Our 2021 retirement statistics guide aims to provide a well-rounded view of trends, from average retirement savings to how many Americans have retirement accounts to retirement planning. First, here ... Read More
January 7, 2021
How Much the Average American Household Has in Savings, and the Impact From COVID-19
A heavy consumer focus on savings has never been more important with the economic volatility brought on by the coronavirus pandemic. But average American household bank account balances are down 3%. MagnifyMoney researchers examined average American savings and retirement data from before and after the coronavirus crisis began to provide ... Read More
November 13, 2020
Since 1928, S&P 500 Returns Have Averaged -6.6% When a Republican President Held Office and a Democrat Was Elected
With Democratic President-elect Joe Biden’s victory, many Americans are trying to predict how the stock market will perform the rest of the year. Since 1928, the S&P 500 has produced negative annual returns in three of five presidential years when a Republican president held office and a Democrat was elected. ... Read More
November 9, 2020