More retirement savers are borrowing from their 401(k) plan. Those are ‘leading indicators of economic stress,’ expert says

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More retirement savers are borrowing from their 401(k) plan. Those are ‘leading indicators of economic stress,’ expert says

https://www.cnbc.com/2023/12/10/more-americans-take-401k-loans-an-indicator-of-financial-stress.html

Data suggests more Americans are taking loans and for larger amounts. Inflation is a likely contributor, experts said.

More retirement savers are borrowing from their 401(k) plan. Those are ‘leading indicators of economic stress,’ expert says
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That's why I borrowed from my 401k 8 years ago. I only have $70k in my 401k now. I didn't borrow that much, but I'm 57. I was a terrible saver.

I’m 40 with a couple grand and had to stop a year ago. Money was/is too tight. Better off than me. I will probably go like my FiL, a heart attack at work at 70yo.