401(k) Cash-Out Surge Highlights Struggles Behind Trump-Era Economy
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.