🔫 August 8, 2023: End Of The American Dream > The number of Americans that are making emergency withdrawals from their 401(k) plans is absolutely surging… - #Financial

 August 8, 2023 

by Michael

endoftheamericandream.com

More Americans are tapping their 401(k) accounts because of financial distress, according to Bank of America data released Tuesday.

The number of people who made a hardship withdrawal during the second quarter surged from the first three months of the year to 15,950, an increase of 36% from the second quarter of 2022, according to Bank of America’s analysis of clients’ employee benefits programs, which are comprised of more than 4 million plan participants.

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