X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Adam Potter

Life happens. Moments of financial need are simply unavoidable – a quick source of cash seems to be the best or only option. Unfortunately, a large chunk of Americans are continually putting themselves under undue financial stress for a quick and easy loan.

In 2013, 33% of Americans borrowed from their retirement account, up from 25% in 2012. This upward trend in retirement withdrawals has not decreased, and a recent Hartford study showed that 66% of millennials accessed their retirement savings in 2014. That’s an indication that the rising generation does not view this account as sacred, posing a problem to employers and the U.S. economy alike.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.