Are you using your 401(k) to pay off your bills? - Fox 2 News Headlines

Are you using your 401(k) to pay off your bills?

Posted: Updated:

According to Human Resources Executive Online, it appears workers are dipping into their 401(k) to pay off bills!

The report says nearly one in three employees say they took a hardship loan from their 401(k) last year, and that's up from one in four in 2011.

So, who's behind employees raiding their retirement savings?  According to Financial Finesse, women, lower-income workers (those making between $35,000 and $60,000) and younger workers (aged 30-44) needed the money, despite the improving job market.

OUR GOOD DAY HOT TOPIC QUESTION: Is your financial situation getting better, worse or staying the same? Post your comments on our FOX 5 Atlanta Facebook page, or tweet us @GoodDayAtlanta.

  • Good Day ArchiveMore>>

  • Back to School Jamboree with Hosea Feed The Hungry

    Back to School Jamboree with Hosea Feed The Hungry

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

  • Disabled teen uses wakeboarding for therapy

    Disabled teen uses wakeboarding for therapy

    Thursday, July 31 2014 7:25 PM EDT2014-07-31 23:25:49 GMT
    It’s the final week at Youth Water Sports Camp in Cartersville and one out-of-town camper is making quite a splash!
    It’s the final week at Youth Water Sports Camp in Cartersville and one out-of-town camper is making quite a splash!
  • Taco Thursday with Buck

    Taqueria Tsunami in Marietta on Square- Asian Latino Fusion

    Taqueria Tsunami in Marietta on Square- Asian Latino Fusion

    Thursday, July 31 2014 9:41 AM EDT2014-07-31 13:41:09 GMT
    What do you get when you combine the flavors from the Far East with the flavors from South of the Border? You get Taqueria Tsunami, a Latin-Asian fusion restaurant on the Marietta Square which just happens to be this week's stop on 'Taco Thursday...With Buck'.
    What do you get when you combine the flavors from the Far East with the flavors from South of the Border? You get Taqueria Tsunami, a Latin-Asian fusion restaurant on the Marietta Square which just happens to be this week's stop on 'Taco Thursday...With Buck'.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices