A new retirement analysis by Fidelity shows Americans are saving more for retirement despite market ups and downs. Experienced savers are continuing to invest for the long term, not moving their money into cash or stopping investments when markets become unstable.
Fidelity found a difference between how people feel about the economy and how they are actually managing their retirement savings. Even though many Americans are worried about economic uncertainty, retirement savings contributions reached record levels during the first quarter of 2026.
The combined employee and employer contribution rate for 401(k) plans reached 14.4%, the highest level ever recorded. Savings rates in 403(b) retirement plans reached 12% during the first quarter. IRA contributions increased by 29% compared with the same period a year earlier.
Roth accounts were the most popular choice and received 67% of all IRA contributions. Market volatility during the first quarter caused retirement account balances to fall slightly, but many investors reacted differently and continued saving.
About 18% of retirement plan participants actually increased their savings rates during the quarter. Only 5.7% of investors changed their asset allocations, which was lower than the 6.0% level seen a year earlier.
Fidelity said maintaining a steady investment strategy has historically produced better long-term results. The strong move toward Roth retirement accounts was another major trend in the report, with Roth accounts making up 67% of all IRA contributions in the first quarter.
Auto features helped increase savings, but not all savings growth came from automation. Fidelity believes these actions show that many investors have become more financially knowledgeable and are focusing on long-term financial planning rather than temporary market volatility.
