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Tag: 401K

Impact Lab > 401K
Analysis, Big Problems, Economy, Latest Trend, Money Talk

35% of laid-off workers have raided their retirement savings

July 19, 2012

401k

Many workers who have lost their jobs have defaulted on 401(k) loans.

The number of displaced workers has risen dramatically since the start of the Great Recession, and this year a third of them had to raid retirement savings to make ends meet.

Continue reading… “35% of laid-off workers have raided their retirement savings”

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