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Borrowing from the Future: 401(k) Plan Loans and Loan Defaults
Pension Research Council Link to more items from this source
Feb. 14, 2014

"Most active 401(k) plan participants have the option of borrowing from their retirement accounts, and nearly 40 percent do so over a five-year period.... [E]mployers' loan rules have a strong endorsement effect on borrowing patterns; that is, in plans allowing multiple loans, participants are more likely to borrow and take out larger loans. While the liquidity-constrained are most likely to borrow, better-off employees take out larger loans when they do borrow. [The authors] also provide a new estimate of loan default 'leakage' at $6 billion annually." [WP2014-01]

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