LIVE NOW /
Watch Good Morning CT at Nine

Study: One fourth of young adults dipping into 401(k)s to pay off debt

National

Most of us are always working towards being debt-free, but it looks like a growing number of young people are going about it the wrong way. 

A new report by Merrill Lynch (https://bit.ly/2VdKmG2) finds a fourth of young adults are dipping into their 401(k)s to pay off their credit cards

Related Content: Warren unveils $640 billion college debt forgiveness plan

The survey looked at nearly 3,000 people ages 18 to 34. 

The second-biggest reason for raiding retirement funds was student loan debt. 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss

More Don't Miss