[TigerLikesRooster]

Ping!

[Ken H]

It's a double whammy. They're cutting into their retirement savings AND doing so at a time when their portfolio is likely taking a hit.

The ones who took on too much debt have only themselves to blame. Unfortunately, I suspect that those who were prudent with their finances will foot much of the bill for the mess. Even so, I prefer being debt-free and I wouldn't trade places.

[Recovering_Democrat]

Sounds like a buying opportunity.

[Freedom_Is_Not_Free]

Just BULLISH! No indication of recession in the least...

Now a question: I was under the assumption many people are borrowing against their 401k, not just cashing out. The article states people are just taking money out. That means taxes and fees up front with no chance of paying the money back penalty-free. Did you get the sense these “hardship withdrawals” were loans or actual withdrawals?