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The Economic Times

Top News / The Economic Times

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Record number of Americans tap 401(k)s as market turmoil sparks 2008 crash fears

A record number of Americans are using 401(k) hardship withdrawals as financial pressure rises. Data shows more workers are taking small amounts from retirement savings to cover urgent expenses. Even with these withdrawals, many retirement accounts still grew due to strong stock market performance and regular contributions, showing mixed signals about the overall financial health of U.S. workers.

11 Mar 2026 10:22 pm