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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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Sep 6, 2026 / Tyler Durden
A GoFundMe In Support of Lindsay Clancy Nears $1.2 Million After Mistrial
A GoFundMe In Support of Lindsay Clancy Nears $1.2 Million After Mistrial
A Massachusetts jury deliberated for roughly 38 hours over seven days and failed to reach a unanimous verdict in the case against Lindsay Clancy, resulting in Judge William Sullivan declaring a mistrial on Friday due to a holdout juror.
Clancy has admitted to strangling her three children, Cora, 5, Dawson, 3, and Callan, 8 months, with exercise bands inside the family's home in Duxbury, Mass., in January 2023 after sending her husband out to pick up dinner. She then cut...
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Jul 31, 2026 / Tyler Durden
Trump's Jones Act Waiver Helped Avert Fuel Shortages Across These Key US Regions
Trump's Jones Act Waiver Helped Avert Fuel Shortages Across These Key US Regions
The Department of Homeland Security has issued the broadest Jones Act waiver since at least the 1950s, just weeks after the US-Iran conflict erupted. The measure has allowed foreign-flagged vessels to transport fuel, crude oil, fertilizer, and other essential goods between US ports, bypassing domestic shipping restrictions to mitigate supply chain disruptions across various U.S. regions.
The Jones Act, a century-old law requiring goods transported between U.S. ports to be carried aboard U.S.-Built, US-owned, and US-crewed vessels, was...
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Aug 31, 2026 / Tyler Durden
Chinese Scientists Flagged Glacial Flood Danger One Year Before Nepal Catastrophe
Chinese Scientists Flagged Glacial Flood Danger One Year Before Nepal Catastrophe
Authored by Sophia Lam via The Epoch Times,
More than a year before the catastrophic flash flood devastated the China-Nepal border crossing at Gyirong last week, Chinese geologists had raised concerns about the impending danger.
CCTV footage shows people running away as wall of mud and water destroys buildings in a valley at the Nepal-China border, in Gyirong, Tibet region, China, on Aug. 26, 2026. Social Media/via Reuters
On August 26, a glacial-related collapse tore through Gyirong Port, one of the principal...
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