Did you know—
- Almost half of all Americans do not have a 401k account.
- Two-thirds do not have an IRA (Individual Retirement Account).
- One-quarter of Americans have no retirement savings.
Source: Federal Reserve Report on the Economic Well-Being of U.S. Households in 2018
New daily Covid cases spiked higher in the fall and have remained elevated, according to data from Johns Hopkins. At over 200,000 per day, cases are roughly triple the modest spike we experienced last summer.
Major stock market indexes climbed to new highs last week, as the economic narrative from last year carries over into 2021.
On Thursday, the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 Index all closed at record highs, surpassing, 31,000, 13,000, and 3,800, respectively, according to data provided by MarketWatch. The indexes added to gains on Friday.