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Pandemic Pushing Older Workers to Deplete their Retirement Accounts
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Pandemic Pushing Older Workers to Deplete their Retirement Accounts

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Demography Unplugged
Jan 13, 2021
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Pandemic Pushing Older Workers to Deplete their Retirement Accounts
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Fully 31% of Americans ages 40-74 have withdrawn funds from their retirement accounts during the pandemic, while 27% have borrowed from these accounts. Withdrawals were mostly used to cover basic living expenses, followed by medical bills and home repairs. 

—Kiplinger and Personal Capital

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