Nearly 1 in 5 workers have a 401(k) loan

Nearly 1 in 5 Fidelity 401(k) participants has an outstanding loan as workers face continued financial pressure. Here’s why more people are borrowing from retirement savings even as average 401(k) balances reach record highs.

Nearly 1 in 5 workers have a 401(k) loan

Nearly 1 in 5 Fidelity 401(k) participants has an outstanding loan as workers face continued financial pressure. Here’s why more people are borrowing from retirement savings even as average 401(k) balances reach record highs.

— Chris Pugh, AL.com

This story was reported by AL.com. Read the full story at AL.com.

Image: jacoblund / AL.com