Workers increase 401K savings to set record

6324528 - macro of deductions on a paycheck.
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America's workforce saved for retirement last year, despite the stock market tumble..
According to Fidelity Investments, workers increased their contributions into 401K accounts after the stock market plunged late last year.
During the first quarter of this year, the average worker set aside a record $2,370, up 15% from a year ago.
Plus, employers also increased their contributions to a record average of $1,780.
Overall, workers have saved more than 13% of their pay this year.
The reasons behind the increase?
Some workers may have reconsidered their savings strategy after filing their taxes.
And stock prices began an uptick early this year, giving consumers less reason to worry about a possible recession.
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