401(k) hardship withdrawals at 10-year high

By Associated Press
Posted Aug. 20, 2010 at 6:36 a.m.

In the wake of news about a spike in new applications for unemployment benefits comes another potentially troubling sign: A record number of workers made hardship withdrawals from their retirement accounts in the second quarter.

What’s more, the number of workers borrowing from their accounts reached a 10-year high, according to a report issued Friday by Fidelity Investments. Get the full story>>

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One comment:

  1. tom0942 Aug. 20, 2010 at 10:28 a.m.

    The Summer of Recovery.

    Hope and Change.

    Those of you who voted for this crowd in Washington are responsible for this terrible economy.