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Record High 401(k) Withdrawals Signal US Economic Hardship
In 2024, a record 4.9% of US 401(k) holders made early withdrawals, mainly for housing (35%) and medical expenses, reflecting increased financial strain amid rising mortgage rates, inflation, and high car payment delinquencies (6.6% of subprime borrowers in January 2025).
Record High 401(k) Withdrawals Signal US Economic Hardship
In 2024, a record 4.9% of US 401(k) holders made early withdrawals, mainly for housing (35%) and medical expenses, reflecting increased financial strain amid rising mortgage rates, inflation, and high car payment delinquencies (6.6% of subprime borrowers in January 2025).
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