{"id":31739,"date":"2012-04-03T22:00:44","date_gmt":"2012-04-03T22:00:44","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/usa_today_downturn_leads_to_rise_in_costly_401k_loans_by_minorities\/"},"modified":"2012-04-03T22:00:44","modified_gmt":"2012-04-03T22:00:44","slug":"usa_today_downturn_leads_to_rise_in_costly_401k_loans_by_minorities","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=31739","title":{"rendered":"(USA Today) Downturn leads to rise in costly 401(k) loans by minorities"},"content":{"rendered":"<p>While millions of workers used money from their retirement savings to pay expenses during the Great Recession, African Americans and Hispanics dipped into their 401(k) plans at a much higher rate.<\/p>\n<p>The rise in 401(k) withdrawals, loans and cash-outs among African Americans and Hispanics represents a major setback for their long-term retirement security, says Mellody Hobson, president of Ariel Investments, co-sponsor of a survey on the recession&#8217;s impact on retirement plans.<\/p>\n<p><i>Makes the heart sad.  <a href=\"http:\/\/www.usatoday.com\/money\/perfi\/retirement\/story\/2012-04-02\/minority-401k-retirement-plans\/53956398\/1\">Read it all&#8211;KSH<\/a>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While millions of workers used money from their retirement savings to pay expenses during the Great Recession, African Americans and Hispanics dipped into their 401(k) plans at a much higher rate. The rise in 401(k) withdrawals, loans and cash-outs among<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=31739\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,593,596],"tags":[],"class_list":["post-31739","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-personal-finance","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/31739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31739"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/31739\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}