On the recordMarch 18, 2013
The 401(k) is becoming an everyday savings account for workers and really not the retirement account it was designed to be.
Source
congress.govTom Harkin: “The 401(k) is becoming an everyday savings account for workers and really not the retirement account it was designed to…”
Editor's note · Context
Harkin emphasizes the shift in 401(k) usage from retirement savings to immediate spending.
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