Business

Retirement Crisis Deepens

Updated 2026-05-28 11:20 UTC 2 sources Negative

Fidelity reports that retirement account balances are falling as more workers withdraw funds. Meanwhile, a financial advisor discusses setting up brokerage accounts for grandchildren.

Coverage timeline — 2 articles

CNBC

More workers are raiding their 401(k)s as average balances fall, Fidelity says

Retirement account balances sank at the start of 2026 amid market swings, according to Fidelity. At the same time, more savers tapped their accounts for cash.

2026-05-28 11:05 UTC

MarketWatch

I’m setting up brokerage accounts for my grandkids in my daughter’s name. Is that wise — or am I asking for trouble?

“The contributions are invested in mutual funds tracking the S&P 500, small-cap stocks and international equities.”

2026-05-28 11:12 UTC