Spencer Fordin (@spencerfordin.bsky.social)

I guess I don’t understand the “vibecession” discourse because IMO poor consumer sentiment is backed by lots of people having to do things they don’t want to do in this economy, like remove money from retirement accounts to be more liquid. finance.yahoo.com/news/record-...

loading . . .

A Record 6% of Americans Tapped Their 401(k)s for Hardship Withdrawals Last Year — Why Raiding Your Retirement Is Costing You More Than You Think A growing number of Americans are turning to their retirement accounts to cover immediate financial needs, even as overall balances continue to rise. Vanguard reported that 6% of its 401(k) participan... https://finance.yahoo.com/news/record-6-americans-tapped-401-150041937.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAD8VKb-G_BC9BGK-XErYVlDKBM8xE3bCAx5d8Pl_jhyDTKK8MI_vtfwSTB-MLuoPo0HxSsl7j7QjmnEN5L-7EAHaLcEOc-znJffepl93CEaBa5oXdy0iDm70KruTjpZtAWBdmMs2i1gh5NPKeRMn8YjmW_aeBdp1pnsPGCvw23NO