Stock Market Surge Bolsters 2023 Retirement Savings

The Resilient Stock Market and Retirement Account Gains

The stock market performance has been a significant factor driving gains in retirement accounts. Despite concerns of an economic recession, the stock market has defied predictions and continued to rise in the first half of 2023. Companies have seen better-than-expected profits, which has boosted the stock market and ultimately benefited retirement savers. The benchmark S&P 500 index recorded a 15.9% gain in the first six months of the year, further contributing to the growth of retirement account balances.