Are 401(k) Loan Defaults Set To Resurge?
Posted on July 17, 2012 at 15:55 PM EDT
Since the financial crisis hit and exposed the reality of a credit-fueled economic growth strategy, Americans have tried to maintain any kind of quality of life. With the HELOC ATM empty, they switched to Credit Cards and once limits were full, there was only one place left - their retirement plans. As the LA Times reports today, Americans are borrow...