3/15/2013 – In Spite of Recovery, More Workers Are Borrowing From 401(k)s (Bloomberg Businessweek)

One statistic about U.S. household finances is so startling that it deserves its own post: Nearly one in three employees say they took a hardship loan or distribution from their 401(k) retirement accounts last year, up from one in four in 2011. Considering that hardship loans and distributions can trigger penalties or other costs, this is an expensive proposition.

Read the full article at Bloomberg Businessweek.