Financial Hardship Withdrawals Surge to Record High

Posted: 2025-04-14 20:46:46 UTC

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#economy

#retirement

#financialhardship

#withdrawals

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2025-04-14 20:47:28 UTC

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Vanguard reports a rise in financial hardship withdrawals, reaching a record 4.8% in 2024, up from 3.6% in 2023.

Increase in financial hardship withdrawals

Record high withdrawal rate

Comparison of withdrawal rates between 2023 and 2024

Financial hardship among individuals

Increased reliance on retirement savings for immediate needs