Are Americans Draining Their 401(k) Savings?

Americans are withdrawing an average of $1,900 from their 401(k)s  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

March 12, 2026   |   Read Online TOP PICK FOR YOU Personal Finance 401(k) Retirement Crisis: Record Number Of Americans Raid Savings To Pay Medical Bills Explore how rising living costs, a weaker US jobs market, and increasing debt levels are impacting American households. Discover the surge in 401(k) hardship withdrawals and the potential effects of geopolitical tensions on the economy. Read More ADVERTISEMENT Get a free personal finance consultation Future goals like buying a home, investing more, or retiring earlier don't happen by accident. The sooner you start planning, the easier they can come to fruition. Unbiased.com helps you take that first step in under a minute. Simply answer a few quick questions about what you need help with, and you'll be matched with a vetted, SEC-regulated fiduciary advisor who can provide guidance tailored to your goals. You can ask questions, and get practical advice before deciding on next steps. Plus, your information stays secure and is only shared with the advisor you're matched with. It's a simple way to connect with a qualified expert and start building a plan for what comes next. FIND AN ADVISOR PERSONAL FINANCE Savings Average US Tax Refund Jumps to $3,742 — But Millions of Americans Could Face Payment Delays Americans are set to receive bigger tax refunds this year, but they could be delayed for those opting for paper checks as the IRS transitions to fully electronic direct deposit payments. Read More BUSINESS Business Apple Discontinues 15 Devices Overnight—Including One Less Than 6 Months Old: What's Next for These Models? Why Apple discontinued 15 popular devices after its March 2026 event, including a budget handset, and what to expect from the new iPhone 17e and MacBook models replacing them. Read More BUSINESS Business Who Is Larry Page? Net Worth, Family And Elon Musk's Shocking Claim He Wanted To Create A 'Digital God' With AI Larry Page, Google co-founder and billionaire, returned to headlines after Elon Musk claimed he once discussed creating a powerful AI resembling a 'digital god'. Read More ADVERTISEMENT The Only Crypto Account You'll Ever Need iTrustCapital - The Premier Destination For Your Crypto Investing If you've looked into crypto investing, you've probably noticed there are a lot of platforms out there. One platform is built just for buying and selling. Another is only for retirement accounts. Something else is built for larger organizations. Different fees. Different rules. Different logins. It can feel scattered. iTrustCapital brings everything together in one place. Through one easy to use platform - you can open a secure Premium Custody Account for everyday investing, build long-term retirement savings with a tax-advantaged Crypto IRA*, or manage digital assets through a Treasury Account for your business, trust, nonprofit, or other entity. Buy and sell 90+ cryptocurrencies & Physical Precious Metals Crypto staking Institutional-grade custody Desktop & Mobile app Low fees Finally, crypto investing that actually makes sense. Click Here To Learn More *Some taxes may apply. iTrustCapital is a fintech software platform for alternative assets. iTrustCapital is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. PERSONAL FINANCE Savings Arkansas, Mississippi, North Dakota are The Best US States for a $100 Grocery Budget, Hawaii and Alaska are the Worst US living costs are rising, but the purchasing power of a $100 budget is not equal for all states, with Arkansas and Mississippi emerging as more affordable. Read More WEALTH WISDOM POLL Should people ever withdraw retirement savings to pay medical expenses? A growing number of Americans are withdrawing money from their 401(k) retirement accounts to cover rising medical bills. 🟢 Yes — health emergencies justify using retirement funds 🔴 No — retirement savings should be protected whenever possible Read the Article Here   Update your email preferences or unsubscribe here © 2026 IBT Media Type Sierra Quebec Bravo, 77 Marsh Wall, London, England E14 9SH, United Kingdom Powered by beehiiv Terms of Service