US Retirement Assets Hit Record $51.2 Trillion

US retirement assets jumped 7.9% in the second quarter to a record $51.2 trillion, according to the Investment Company Institute. IRAs led the gains, rising 9.2% to $19.9 trillion, while employer-sponsored plans like 401(k)s increased 8.7% to $15.0 trillion. Retirement savings have grown 45.5% since 2022 and now make up a third of all US household financial assets, a cushion that keeps flowing into funds tracking $SPY.