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401(k) Hardship Withdrawals Hit Record High
401(k) Hardship Withdrawals Hit Record High
The AI bubble and data center buildout have helped catapult equity markets to new highs (pre-Middle East conflict), minting a record number of 401(k) millionaires. However, beneath the surface, hardship withdrawals from 401(k) plans have also climbed to a record, reinforcing the view that the K-shaped economy is becoming more entrenched.
Vanguard's How America Saves 2025 report shows that hardship withdrawal activity "increased to a new high" of 6% in 2025, up from 4.8% in 2024 and about 2% before the pandemic.
The increase marks the...
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Aug 27, 2026 / Tyler Durden
Full-Face Veils Banned In Portugal After President Signs 'Burqa Law'
Full-Face Veils Banned In Portugal After President Signs 'Burqa Law'
Via Remix News,
Portuguese President António José Seguro has officially signed into law a bill banning face-concealing attire in public spaces, with the move seen targeting the full-face Islamic veils like the burqa and niqab.
Addressing the national debate, President Seguro framed the decision around human interaction, stating:
"The face should be considered a central element of human identity and communication."
However, the former Socialist Party leader acknowledged the controversial nature of the ban, recognizing it as a matter of significant cultural and social...
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Jun 9, 2026 / Tyler Durden
Mystery Car Bombing Near Moscow May Have Taken Out A Top General
Mystery Car Bombing Near Moscow May Have Taken Out A Top General
In what appears the latest targeted killing in a string of high profile assassinations of top Russian military brass since the Ukraine war began, an unidentified man - possibly a high-ranking military officer, was reportedly blown up Tuesday morning after a bomb detonated in his car.
The incident happened very early in the morning Tuesday in a suburb called Balashikha, just outside the Russian capital. While Russian authorities have yet to release the identity of the deceased man, it happened...
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Jun 20, 2026 / Tyler Durden
Democratic Socialist Mamdani Wants Democratic Party To Move Further Left Ahead Of 2028
Democratic Socialist Mamdani Wants Democratic Party To Move Further Left Ahead Of 2028
Authored by Chase Smith via The Epoch Times,
New York City Mayor Zohran Mamdani, a democratic socialist, issued one of his sharpest rebukes of the Democratic leadership Thursday night, saying that the party will lose the White House in 2028 if it does not fundamentally change course.
New York Mayor Zohran Mamdani (R) gestures on stage with U.S. Sen. Bernie Sanders (I-Vt.), during a Get Out The Vote rally ahead of New York's primary election in the Brooklyn borough...
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