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24% of Participants May Cut 401(k) Contributions
planadviser Link to more items from this source
May 18, 2023

"To offset inflation, 37% of respondents are considering increasing their credit card debt to stay afloat; 24% are thinking about reducing their retirement plan contributions; 21% are considering taking or have already taken out a loan ... These short-term tactics may erode the financial future for many consumers, who may not realize the resources and help available to them through workplace retirement plans[.]"

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