401k Balances Soar, But Hardship Withdrawals Rise Too
Dayton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Record-breaking 401(k) balances soared to new heights in 2025, creating a record 665,400 millionaires, according to Fidelity. Average balances hit $146,400, up 11% from the previous year. Vanguard saw similar growth, with average participant balances rising 13% to $167,970 and median balances climbing 16% to $44,115. However, these gains come amidst rising financial pressures, with hardship withdrawals reaching a record 6% of Vanguard participants, up from 4.8% the prior year. Investors should monitor how markets and personal finances evolve in the future.
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