Americans' retirement savings took a hit last year in a troubling sign for workers, according to a new report from investment firm Vanguard.In 2022, the average 401(k) account balance for Vanguard participants was $112,572, down 20 percent from the $141,542 average recorded in 2021, according to a from the company on Thursday.The median balance was much lower, at $27,376, a decline of 23 percent from the 2021 median. The wide gap between average and median balances reflects a small number of very large accounts skewing the average higher.
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