The truth behind 401(k) withdrawal numbers: People aren’t being reckless — they’re desperate - MarketWatch

AI Briefing

• – 401(k) withdrawal rates have risen to 30% of retirement accounts, many due to financial desperation.
• – Retirees are tapping into their 401(k)s due to reduced income and increased expenses.
• – Experts say the trend is a sign of a broader financial crisis, not reckless behavior.