Nearly 3% of workers made hardship withdrawals from their defined contribution plan in 2022, an increase from 2.1% in 2021, Vanguard's How America Saves 2023 report said.
Although the average balance among 401(k) participants ended 2022 down 20% from a year earlier, most investors stayed the course, according to Vanguard.
Although the average balance among 401(k) participants ended 2022 down 20% from a year earlier, most investors stayed the course, according to Vanguard.
Although the average balance among 401(k) participants ended 2022 down 20% from a year earlier, most investors stayed the course, according to Vanguard.