Fewer people withdrawing funds from workplace retirement accounts
Posted at: 03/15/2013 7:12 AM
Fewer people are tapping into their workplace retirement accounts for temporary loans or hardship withdrawals.
According to a report by World at Work and the American Benefits Institute, a poll of 500 companies found that loans only increased in 37-percent of businesses. That number was down from 49-percent of companies in 2008.
Analysts say the drop in withdrawals may be due to an improved economy for employees.