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A lot of information it these articles.


YOUR MONEY
More retirement savers are borrowing from their 401(k) plan. Those are 'leading indicators of economic stress,' expert says
PUBLISHED SUN, DEC 10 20239:00 AM EST

Greg Iacurci

Fidelity Investments, the nation's largest 401(k) administrator, saw 2.8% of savers, or 641,000 people, take loans in the third quarter, an increase from 2.4% during the same period last year.

About 17.6% of investors, or more than four million people, have an outstanding loan, said Fidelity, which analyzed 22.9 million accounts. That share has jumped from 17.2% in the second quarter and 16.8% in Q3 2022, according to the firm, which attributes the rising loan prevalence to "inflation and cost of living pressures."

401(k) loan amounts have grown, too

Inflation, which is a measure of how quickly consumer prices are rising, touched a 40-year high last year, though has since fallen significantly. The average American's earnings struggled to keep pace, equating to lost buying power for many.

https://www.cnbc.com/2023/12/10/more-americans-take-401k-loans-an-indicator-of-financial-stress.html


MONEY
Sign of the times: More Americans are draining retirement accounts to pay bills
Fidelity Investments said 17.6% of its clients have ongoing loans against their retirement accounts.

Author: Gordon Severson
Published: 6:12 PM CST December 5, 2023
Updated: 6:12 PM CST December 5, 2023

https://www.kare11.com/article/money/americans-draining-retirement-401k-accounts-to-pay-bills/89-920a4fda-657f-46d9-b9b9-38a9c11dd05c


PERSONAL FINANCE
401(k) balances down, hardship withdrawals are up. But it's not all dire.
Fresh numbers from Fidelity have good and not-so-good news about Americans' retirement savings

Advice by Michelle Singletary
Columnist
December 1, 2023 at 7:00 a.m. EST

https://www.washingtonpost.com/business/2023/12/01/fidelity-401k-balances-hardship-q3/