Baby boomers are screwed? 401(k) balances up 30% But Fidelity study also shows that most still contribute far less than allowed, and Baby Boomers are falling short. By Jeanne Sahadi, CNNMoney.com senior writer July 25 2007: 11:24 AM EDT NEW YORK (CNNMoney.com) -- Soaring stocks gave workers' savings a nice bump last year - but the latest numbers from Fidelity do not paint the picture of a cushy retirement. The median balance for those workers who had participated in their 401(k)s for at least one year rose 30 percent to $32,000, according to a report released Tuesday by Fidelity Investments, which administers plans covering 10 million participants. http://money.cnn.com/2007/07/25/pf/retirement/fidelity_study/index.htm?postversion=2007072511