Nearly 1 in 5 workers have a 401(k) loan

Nearly one in five workers now holds a 401(k) loan, according to Fidelity data, as ongoing financial pressure drives borrowing from retirement accounts despite record‑high average balances. The trend reflects heightened economic strain, with many employees turning to their own savings to meet immediate expenses. Financial experts warn that while loans provide short‑term relief, they may reduce long‑term retirement growth.