More Americans dip into retirement funds for emergencies
Marketplace All-in-One
English - November 22, 2023 14:20 - 8 minutes - 11.8 MB - ★★★★★ - 1.2K ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Why an Andy Warhol sculpture bombed at auction
Next Episode: What’s next for OpenAI?
Fidelity Investments reports that workers taking out a so-called “hardship withdrawal” from their retirement accounts — one used to cover emergency expenses — ticked up in the third quarter. Thing is, those who make those withdrawal are the ones most likely to need the cash in their older years. We explore the consequences. Plus, what durable goods orders can reveal about the economy and how kimchi grew to be a global phenomenon.