Rising 401(k) Balances Amid Financial Strain: The Surge in Hardship Withdrawals Revealed
Retirement account balances grew in 2025, but more workers withdrew funds for hardship reasons, signaling financial stress beneath the surface. President Donald Trump highlighted the increase in 401(k) balances during his recent State of the Union address, noting that typical account values rose by at least $30,000 since he took office. According to new data […]
