Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW
Consumed

By the Numbers: Consumed Day 4

Mary Dooe Jun 13, 2013
1978

The year that Ted Benna, the father of our modern retirement fund system, stumbled upon an obscure add-on to tax code 401 — otherwise known as the 401(k). (Marketplace)

27 percent

The drop in the value of the average 401(k) plan tracked by Fidelity Investments during the financial crisis. (Reuters)

$120,000

The amount the typical middle-class household nearing retirement has saved — one-tenth what many say it needs. (Center for Retirement Research)

25

The age you are supposed to start saving for retirement by… and never stop. (Fidelity)

320

The number of acres the government offered homesteaders to go to Montana in the 1910s and start to farm. (Marketplace)

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.