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401(k) hardship withdrawals are rising in 2023, reports find

After falling sharply last year, retirement account balances are bouncing back in 2023 — but there are still signs of trouble. Helped in part by improved market conditions, retirement account …

Rather than a recession, we could be in a ‘richcession’ instead

by Merchant Moller

A ‘richcession’ may be underway “In most recessions, unemployment rises more for lower-income groups,” said Tomas Philipson, a professor of public policy studies at the University of Chicago and former …