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Kiplinger
Kiplinger
Business
Ben Demers

More Americans Borrowing from 401(k)s to Get By Financially

Bank of America BoA
Woman reviewing paperwork on laptop

As inflation slowly recedes from last year's highs, many Americans are still struggling to pay their bills. Newly released data from Bank of America reveals concerning signs that retirement savers are increasingly borrowing from their 401(k)s to make ends meet.

Growing 401(k) hardship and loans

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