Americans are yanking money out of their retirement savings to cover bills

on Dec 04, 2023 05:11:AM

A growing number of Americans are making emergency withdrawals from their 401(k) retirement plans to pay for everyday necessities amid chronically high inflation, according to new data from Fidelity. About 2.3% of workers with employer-sponsored 401(k) plans made a “hardship” withdrawal during the three-month period from July to September 2023, according to the Fidelity report. That […]