Economy
People Are Cashing Out Their 401(K)’s Early Just to Stay Afloat (Video)
People Are Cashing Out Their 401(K)’s Early Just to Stay Afloat (Video)
In this 22 July 2026 published video, host Michael Bordenaro talks about how people are being driven by stubbornly high living costs and mounting debt, roughly 6 percent of participants now take hardship withdrawals—triple the pre-pandemic rate. Younger workers frequently treat 401(k)s as de facto emergency funds, with about 1 in 3 fully cashing out their balances when changing jobs rather than rolling them over.
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