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Majority of 401(k) Plan Participants Accumulate More Debt Than Retirement Savings
HelloWallet via PR Newswire 
Oct. 24, 2013
"[O]ver 60% of workers participating in a Defined Contribution (DC) Plan accumulated more debt than they contributed to retirement savings between 2010 and 2011 ... 20% of participants in 401(k) retirement programs added more credit card debt to their family balance sheet than they contributed to retirement savings.... Most DC participants who accumulate debt faster than retirement savings are over 40 years old, college educated, earn over $50,000, and have insufficient emergency savings."
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