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Michelle Amponsah on Muck Rack

Michelle Amponsah

(She/Her)
New York
As seen in: Bloomberg News, Los Angeles Times, ReVista: The Harvard Review of Latin America, Yahoo Finance, Fortune, Infobae, The Mercury News, Baltimore Sun, Detroit News, South Florida Sun Sentinel, The Orange County Register and
@business reporter covering Money in nyc | 📫 tips/say hi at mamponsah4@bloomberg.net signal: mnamponsah.22

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Articles

America’s Population of 401(k) Millionaires Keeps Getting Bigger

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By Sarah Foster, Michelle Amponsah
| Bloomberg Tax Verified
Retirement feels more elusive than ever for many Americans, but 401(k) millionaires are proliferating after years of steady investing and a strong run in the stock market. The number of millionaire 401(k) accounts at rose 19% to a record 769,000 between the first and second quarter, according to a report released Thursday. It was the largest quarterly increase since the fourth quarter of 2023, the company said. Aiding savers was a blockbuster quarter for equities.
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America’s Population of 401(k) Millionaires Keeps Growing, Buoyed by Markets

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By Sarah Foster Verified, Michelle Amponsah
| Bloomberg News Verified
Bloomberg (Bloomberg) -- Retirement feels more elusive than ever for many Americans, but 401(k) millionaires are proliferating after years of steady investing and a strong run in the stock market. The number of millionaire 401(k) accounts at Fidelity Investments rose 19% to a record 769,000 between the first and second quarter, according to a report released Thursday. It was the largest quarterly increase since the fourth quarter of 2023, the company said.
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Americans Say They Feel Guilty About Spending Money On Fun

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By Zijia Song Verified, Michelle Amponsah
| Financial Advisor Verified
Americans can afford a little fun. They just don’t seem all that comfortable paying for it. Almost three-quarters of U.S. adults feel guilty when they spend on things that bring them joy instead of putting the money toward a financial goal, according to a report from Ally Bank. The issue isn’t necessarily runaway spending.
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