More than half of Asia-Pacific’s rich worry about recession, Lombard Odier says

TL;DR

More than half of Asia-Pacific’s rich worry about recession, Lombard Odier says Financial pressures pushed more savers to tap their retirement accounts in the first part of 2026, new data shows — potentially locking in losses during the early weeks of the Iran war. The average individual retirement account balance was also down 4% to $131,380 in the first quarter, Fidelity found. The drop was due to the outbreak of the Iran war, which sparked a stock selloff, according to Kirsten Hunter Peterson, vice president of workplace thought leadership at Fidelity Investments.