Retirement Assets Increase By $1.1 Trillion in 2007 to Almost $160,000 Per U.S. Household
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Submitted by CARPE DIEM
Washington, DC — Americans held $17.6 trillion in retirement assets at the end of 2007, up $1.1 trillion from year-end 2006 (see chart above), according to the Investment Company Institute (ICI). In the first comprehensive look at the scope of the nation’s retirement market for the full year, ICI found that strong growth in Individual Retirement Accounts (IRAs) and employer-sponsored defined contribution plans, powered the 7% increase.
