MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 18, 2002 Tapped Out? Not only has stock market appreciation stalled asset growth in funds, but new data shows a paucity of new accountholders as well. The number of U.S. householders with IRA accounts has stayed steady during the past year, according to data collected by the Investment Company Institute. All together, 42 million households (39 percent of the total) own at least one IRA account. The bulk of those accounts (34.8 million) are traditional IRAs and 12.9 million are Roth IRAs. Just 8.3 million accounts are employer sponsored. The one area of growth is in households opening additional accounts. The number of households with more than one IRA jumped 7.2 percent from May of 2001 to May of this year. Printed from: MFWire.com/story.asp?s=3497 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |