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News Link • Economy - Economics USA

Fidelity: 401(k) Hardship Withdrawals, Loans Up

• AP

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.


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