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YOU ARE CORRECT
B. – Almost $2.5 T.
A landmark study by Deloitte concluded that nearly $2.5 trillion will leak out of 401(k) accounts due to loan defaults. That’s not a trickle; that’s a flood. Loan defaults are a symptom of broader financial stress.
The good news is that loan defaults are preventable when plan sponsors add automatic loan insurance like Retirement Loan Eraser.
INCORRECT – The correct answer is B. – Almost $2.5 T.
A landmark study by Deloitte concluded that nearly $2.5 trillion will leak out of 401(k) accounts due to loan defaults. That’s not a trickle; that’s a flood. Loan defaults are a symptom of broader financial stress.
The good news is that loan defaults are preventable when plan sponsors add automatic loan insurance like Retirement Loan Eraser.
