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401(k) Borrowing Increases, Mainly by Pre-Retirees
On Wall Street 
Apr. 18, 2013 "Employee borrowing from 401(k) plans increased 28% in the fourth quarter from a year earlier, according to Wells Fargo as over 60% of new loans went to individuals heir 50s and 60s.... [Of] the participants who took out loans, the greatest percentage were in their 50s (34.2%), followed by those in their 60s (28.9%) and then by those in their 40s (27.3%)." MORE >> |
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