401k Plans news and trends

Report: Record Number of Americans Dipping Into 401(k)s

February 02, 2023
401(k) plans
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Report: Record Number of Americans Dipping Into 401(k)s

February 02, 2023
With budgets growing tighter, more Americans are reportedly turning to 401(k)s in emergencies. Nearly 3% of the 5 million people who have 401(k) plans offered by Vanguard Group dipped into those accounts last year to pay for medical bills or stave off foreclosures or evictions, The Wall Street Journal (WSJ) reported Thursday (Feb. 2). That’s […]