MLchartDataset catalogue

Hardship withdrawals

Term · Economic statistics · MLC-T-ECS-000851

Money withdrawals from an employee's retirement account that are due to financial hardship.

Note: Hardship withdrawals usually are obtained at a lower interest rate than if the employee were to borrow from a financial institution. Although most early withdrawals incur tax penalties, hardship withdrawals do not.

Table 1. Record
IdentifierMLC-T-ECS-000851
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-000851",
  "term": "Hardship withdrawals",
  "field": "Economic statistics",
  "definition": "Money withdrawals from an employee's retirement account that are due to financial hardship.\n\nNote: Hardship withdrawals usually are obtained at a lower interest rate than if the employee were to borrow from a financial institution. Although most early withdrawals incur tax penalties, hardship withdrawals do not.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/hardship-withdrawals/"
}

Record 838 of 2,141 in Economic statistics terminology (MLC-0116). Request the full dataset.