Record Number Of Emergency 401K Withdrawals in Trump's 2025 "Golden Age" Economy

[drudge X]

People problem!

My grandparents lived in cheap tenement apartments, stretched out food, bought second-hand clothes….in order for them to build and maintain what they called a “rainy day fund.”

They COULD have rented a nicer place, and spent every last cent they earned, but they knew they needed to have money in the bank in case Grandpa lost his job or got sick. (No sick leave in those days.)

That’s how responsible people lived back then.

Very true. Financial responsibility is something schools don’t teach nowadays. I find it hypocritical that Democrats love to blame video games for encouraging violent but not Hollywood. They also don’t blame celebrities for showing off luxury goods on television or online telling kids you gotta buy this or you’re uncool.

 

[Hafar1014]

Very true. Financial responsibility is something schools don’t teach nowadays. I find it hypocritical that Democrats love to blame video games for encouraging violent but not Hollywood. They also don’t blame celebrities for showing off luxury goods on television or online telling kids you gotta buy this or you’re uncool.

Fictional violence dies not cause actual violence Alfred Bandura proved that decades ago with his BoBo doll study.

 

[toobfreak]

IDK. I sometimes think emergency withdrawals aren't really emergencies so much as people preferring to do that as opposed to paying bills another way

Record numbers of people might have withdrawn from their 401K's last year to take big vacations in celebration of no longer having Joe Biden in the WH.

Or maybe they needed the money due to loss of their former jobs due to competition with Joe's 40 million undocumented illegals.

 

[citygator]

Let’s breakdown the numbers a bit.

44% of workers do not have a 401K.

Almost half of Americans do not know what a 401K is.

46% have no clue where their money is invested in a 401K.

So is this a government problem or people problem?

Its a "being broke" problem rampant in the US. All the excess money flows to 1% of people. Everyone else is a medical bill from bankruptcy. Claiming 99% or 90% of people are losers is insane.

 

[citygator]

Hey dummy, last year was 2025. If record numbers of people are withdrawing their 401K's in 2025, it is from the hardships of living through four years of Joe Biden before that, not due to just a few months under Trump. BTW, until Oct. of 2025, we were still operating under Biden's old budget.

But thanks for once again shooting yourself in your own face.

I'll put you down for deflection #3.

 

[citygator]

Record numbers of people might have withdrawn from their 401K's last year to take big vacations in celebration of no longer having Joe Biden in the WH.

Or maybe they needed the money due to loss of their former jobs due to competition with Joe's 40 million undocumented illegals.

Sounds like the right has everything figured out. You'll probably clean up in the midterms.

 

[citygator]

IDK. I sometimes think emergency withdrawals aren't really emergencies so much as people preferring to do that as opposed to paying bills another way, or not keeping enough cash on hand because they assume their 401K will do better than a CD. I recently helped pay for the funeral expenses of a YOLO relative. I was the only one in the family who had the cash on hand to pay the total costs upfront and then the others tapped their 401Ks to pay me back their share. One borrowed the money from their retirement and the other one just took a big draw for their share of the costs plus other things.

I think you just described an emergency. Burying a relative when you have no money to bury a relative is an emergency use of money.

 

[WEATHER53]

Its a "being broke" problem rampant in the US. All the excess money flows to 1% of people. Everyone else is a medical bill from bankruptcy. Claiming 99% or 90% of people are losers is insane.

Our little cuck pearl clutcher stating as fact that everyone is one step from ruin
Go peddle your fatalistic shit elsewhere dolt

 

[WorldWatcher]

Record numbers of people might have withdrawn from their 401K's last year to take big vacations in celebration of no longer having Joe Biden in the WH.

No they didn't. 401K's are not like checking accounts. The distribution of "emergency funds" has to be approved by the plan sponsor (employer) and there are rules. It's not like walking into a bank for credit union and stroking a check.

Retirement topics - Hardship distributions | Internal Revenue Service

Retirement Topics - Hardship Distributions

www.irs.gov

Or maybe they needed the money due to loss of their former jobs due to competition with Joe's 40 million undocumented illegals.

More likely they would have need the extra cash in 2025 to pay for Trump's import taxes increases (sometimes called Tariffs).

WW

 

[Hafar1014]

Its a "being broke" problem rampant in the US. All the excess money flows to 1% of people. Everyone else is a medical bill from bankruptcy. Claiming 99% or 90% of people are losers is insane.

The government controls too much of our money not the rich. Who gets it Somailis and other benefits of democrat fraud

 

[SaxonJackson]

Trump's declaration last week that we are in a "Golden Age Economy" may have been premature. Investment Companies are reporting a record number of people withdrew emergency funds from their 401K's last year to make ends meet. The number of people taking loans doubled from just 3 years ago and is 3Xs the number pre-pandemic.

This is just another clear sign of an economy that is working for the top and crumbling for the middle and bottom.

A record share of Americans are taking emergency withdrawals from their 401(k)s

More Americans are digging into their retirement savings for emergency expenses, research from Vanguard shows.

www.cbsnews.com

A record share of Americans are tapping their retirement savings accounts to cover emergency expenses, according to new data from financial services firm Vanguard.

In 2025, 6% of people enrolled in Vanguard 401(k) plans made so-called hardship withdrawals from their accounts, up from 5% in 2024, according to the company's 2026 report on Americans' savings habits.

The share of workers tapping hardship withdrawals has risen in recent years, reflecting the financial pressure many households face when unexpected bills hit. Hardship withdrawals are permitted by the IRS for a limited number of financial issues, including covering medical care or payments to avoid eviction or foreclosure.

The rising incidence of hardship withdrawals highlights the importance of setting aside money for emergencies, Vanguard's Jeff Clark, head of defined contribution research and the author of the report on savings, told CBS News.

One report out today says that 92,000 jobs were lost last month due to Trump's idiocy. Another report says that gas prices are skyrocketing or about to skyrocket.

I sincerely apologize for voting for the blob. I knew he was an idiot but I bought into the false promises.

US lost 92,000 jobs in February just before Trump joined Iran conflict

The unemployment rate was 4.4% in February, with 130,000 jobs added in January

www.theguardian.com

Gasoline and diesel prices spike overnight as anxious drivers fill up tanks

The average price for a gallon of gasoline jumped 11 cents overnight in the U.S. And drivers in Europe waited in line to fill their tanks with fuel.

apnews.com

 

[citygator]

Our little cuck pearl clutcher stating as fact that everyone is one step from ruin
Go peddle your fatalistic shit elsewhere dolt

I posted the facts. Which fact did you want to dispute?

• Record number of 401k recipients withdrew emergency distributions in 2025, up 50% from the year before
• The median American has $8,000 in savings/checking
• 46% of people cant cover 3 months of expenses if they lose their job
• 50% of Americans fear a medical bill with lead them to bankruptcy
• 2/3rds of all personal bankruptcies are tied to medical issues

Just let me know.

 

[WEATHER53]

I posted the facts. Which fact did you want to dispute?

• Record number of 401k recipients withdrew emergency distributions in 2025, up 50% from the year before
• The median American has $8,000 in savings/checking
• 46% of people cant cover 3 months of expenses if they lose their job
• 50% of Americans fear a medical bill with lead them to bankruptcy
• 2/3rds of all personal bankruptcies are tied to medical issues

Just let me know.

Blending hard number and percentages manipulatively and incorrectly once again
I just let you know

 

[toobfreak]

I'll put you down for deflection #3.

Wow, the truth really shuts you up fast.

 

[Hafar1014]

I posted the facts. Which fact did you want to dispute?

• Record number of 401k recipients withdrew emergency distributions in 2025, up 50% from the year before
• The median American has $8,000 in savings/checking
• 46% of people cant cover 3 months of expenses if they lose their job
• 50% of Americans fear a medical bill with lead them to bankruptcy
• 2/3rds of all personal bankruptcies are tied to medical issues

Just let me know.

When Trumps tax cuts take effect everyone will have more. Biden killed the middle class did you complain then

 

[citygator]

BTW, until Oct. of 2025, we were still operating under Biden's old budget.

But thanks for once again shooting yourself in your own face.

Good idea. Let's look at the market under Biden's budget vs what has happened since Trump's budget hit.

WOW. I had no idea Trump was riding on Biden's back.

But thanks for once again shooting yourself in your own face.

 

[Hafar1014]

Good idea. Let's look at the market under Biden's budget vs what has happened since Trump's budget hit.

WOW. I had no idea Trump was riding on Biden's back.

But thanks for once again shooting yourself in your own face.

View attachment 1227711

Bidens gains were all debt based government spending thats like living off your credit card and only paying the interest. Thats false economy debt isnt wealth

 

[toobfreak]

Good idea. Let's look at the market under Biden's budget vs what has happened since Trump's budget hit.

Wow! Another leftwing propaganda website chart no doubt.

But thanks for once again shooting yourself in your own face.

So triggered. War in Iran must be going badly for you.

 

[citygator]

Wow! Another leftwing propaganda website chart no doubt.


So triggered. War in Iran must be going badly for you.

No response to the returns Trump enjoyed under Biden's budget vs the lack of returns enjoyed since the Big Beautiful Bill kicked in?


I am shocked!!!!!!

 

[toobfreak]

No response to the returns Trump enjoyed under Biden's budget vs the lack of returns enjoyed since the Big Beautiful Bill kicked in?
I am shocked!!!!!!

No, you are just stupid. In case you didn't know Bucko, we've only been under Trump's budget since sometime last October, so even if I believed your undocumented bullshit chart, it would only be a further indication of Biden.