401(k) Cash-Out Surge Highlights Struggles Behind Trump-Era Economy
TL;DR Summary
Despite Trump’s boasts of a booming economy, Vanguard data show 6% of the 401(k) plans it administers took a hardship withdrawal in 2025, up from 4.8% in 2024, with withdrawals mainly to avoid eviction or cover medical expenses, signaling rising financial strain for Americans and fueling Democratic criticism of GOP healthcare cuts.
- 'That’s Not Winning': Record Numbers of US Workers Are Raiding Their 401(k)s in Trump Economy Common Dreams
- Record Numbers of Workers Are Raiding Their 401(k) Savings WSJ
- Retirement savers shook off 2025 volatility — and many became millionaires Yahoo Finance
- The average 401(k) balance grew 11% in 2025 CNN
- More people taking money out of their 401(k)s isn’t necessarily the crisis everyone thinks it is MarketWatch
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