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Weekly Reminder: The economy is great, inflation is fake and gas is cheap.
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<blockquote data-quote="Up In Smoke" data-source="post: 5752355" data-attributes="member: 79702"><p>Whenever people are digging into retirement savings it's concerning. The information is most likely accurate but a little deceiving. Bank of America reports 18,000 withdrawals among 4 million accounts that they tracked. That's less than one half of one percent and .0003 when considering the 60 million total 401k participants. (1 per 3400). I would be interested in the demographics of the withdrawals. Age, income levels and regions would be helpful to fully understand why this is happening. Student loan repayments restarted recently and I wonder how many of these loans are to pay off other loans.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5752355, member: 79702"] Whenever people are digging into retirement savings it's concerning. The information is most likely accurate but a little deceiving. Bank of America reports 18,000 withdrawals among 4 million accounts that they tracked. That's less than one half of one percent and .0003 when considering the 60 million total 401k participants. (1 per 3400). I would be interested in the demographics of the withdrawals. Age, income levels and regions would be helpful to fully understand why this is happening. Student loan repayments restarted recently and I wonder how many of these loans are to pay off other loans. [/QUOTE]
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Weekly Reminder: The economy is great, inflation is fake and gas is cheap.
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