 The number of individuals resorting to hardship withdrawals experienced a significant surge during the second quarter, surpassing the figures from the previous three months. According to Bank of America’s analysis of employee benefits programs, which cater to over 4 million participants, the number of withdrawals reached 15,950, marking a substantial 36% increase compared to the same period in 2022.

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The number of individuals resorting to hardship withdrawals experienced a significant surge during the second quarter, surpassing the figures from the previous three months. According to Bank of America's analysis of employee benefits programs, which cater to over 4 million participants, the number of withdrawals reached 15,950, marking a substantial 36% increase compared to the same period in 2022.{ai:summary}<p>The number of hardship withdrawals rose significantly in the second quarter, surpassing previous figures. Bank of America's analysis revealed a 36% increase compared to the same period in 2022. #economy</p>

Alarming Data: More Hardworking Americans Turn to 401(k) Accounts Amid Financial Struggles

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