Record numbers withdraw retirement funds for bills; 401k hardship withdrawals spike.

Sharing is Caring!

New data from Vanguard shows that Americans are pulling a record amount of money from their retirement accounts to pay their bills. Most notably – the share of customers making an emergency hardship withdrawal from their 401k spiked to 3.6% in 2023 – the highest rate on record.

See also  Euro gold hits record €2,599.9, defying dollar; fiat inflation accelerates.

1,019 views