Hamilton, Steven; Liu, Geoffrey; Sainsbury, Tristram - 2023
half median annual wage income) across two tranches from their retirement accounts, ordinarily inaccessible until … retirement. Based on historical returns, the modal withdrawal by the modal-aged withdrawer can be expected to reduce their … balance at retirement by more than $120,000 in today’s dollars. One in six working-age people withdrew a total of $38 billion …
