US - American savers have continued to contribute to 401(k) plans despite the economic downturn, but evidence suggests they are also increasingly withdrawing savings to help get through the credit crunch.
Analysis by Hewitt of some 2.7 million employees has shown the average 401(k) plan balance has dropped from $79,000 in 2007 to $68,000 - a decline of 14% - while, over the last two months, the aver...
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