Americans tap retirement accounts to fund spending

01/18/2012 | AdvisorOne

Consumers are spending more and saving less, racking up credit card debt and raiding their retirement and college-savings accounts along the way, according to recent reports. Nearly a third of 401(k) participants have loans against their retirement accounts, according to consulting firm Aon Hewitt. "People are at a loss, and they are struggling," says Aon Hewitt retirement researcher Pam Hess.

View Full Article in:

AdvisorOne

Published in Brief: