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Answer portion of that testimony today so a job interview that matters to her and matters to all of our money so much so janet yellen, the big, big story today in washington. here is proof that the market rally is making its way into your 401(k). fidelity says 401(k) balances reached 481,300 a new record in the third quarter up more than 11% from last year. workers who added to their 401(k)s saw it go up. if you re in the balance ten years, 223,100, a 20% gain. i want to show you 20 something intentrepreneur. he and his partner turned down $3 billion to buy a rapidly growing photo message service that facebook wanted to buy. they apparently think if they sold now they would leave billions of dollars on the table. snapchat is a social app and ....
Again, i think this is the 37th of the year, the close is above here where it is today the 37th record high close of the year so the stock market has been going in the direction of savers and investors who are investing in their 401(k). let me show you what fidelity says the average balance now is of the 12.6 million 401(k)s they have. record high $84,300. for the people who have been investing every month through their paychecks over ten years that average balance is now $223,100. we ve never seen those averages quite this high. it is i guess validation really of what you ve seen this year in the stock market, but i would caution that about half of americans are not invested in the stock market in any way. they do not have a 401(k), so for them it is the jobs market, that s the most important thing here. i expect we ll hear from janet yellen at her confirmation hearing today before the senate banking committee that she is still concerned about jobs in america. carol? christine we ll ....