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Alarming trend: Record number of Americans tap 401(k)s to stay afloat - here’s what’s driving it
(economictimes.indiatimes.com)
Easy to analyze:
- Steeply increasing costs
- Expensive real estate
- Sluggish wage growth
- Mass layoffs
- Economic and geopolitical uncertainty
- Structural change in employment (AI, etc)
- High interest rates / borrowing costs
May I have a job as an AI summarization bot or a highly compensated speaker in Davos next year?