Consumers Turn To 401(k)s To Pay Down Credit Cards: 'Life Is Expensive'
Consumers Turn To 401(k)s To Pay Down Credit Cards: 'Life Is Expensive'
"Therefore, prices are still high, even though they're not going up as quickly. Life is expensive! People are struggling because they're paying more for everyday expenses like groceries."Consumers are turning more frequently to their 401(k) accounts to pay down their credit cards as they face higher prices for essentials such as food, gas and electricity, according to a financial planner.
消費者越來越頻繁地利用他們的401(k)帳戶償還信用卡，因爲他們面臨着食品、燃料幣和電力等基本必需品價格上漲，這是根據一位財務規劃師的說法。
Total credit-card debt in the U.S. reached $1.34 trillion as of June, Federal Reserve data showed. In May, credit card balances for consumers between 43 and 58 years old averaged $9,123.
根據聯儲局數據，截至6月，美國的信用卡債務總額達到了1.34萬億美元。在五月份，年齡在43至58歲之間的消費者的信用卡餘額平均爲9,123美元。
"People are facing rising prices and while the rate of inflation has decreased, there is still inflation," said Bobbi Rebell, a certified financial planner and finance expert at CardRates.com.
芭比·雷貝爾說：「人們面臨不斷上漲的物價，儘管通貨膨脹率有所下降，但通貨膨脹仍然存在。」 她是一位在CardRates.com擔任認證財務規劃師和金融專家。
"Therefore, prices are still high, even though they're not going up as quickly. Life is expensive! People are struggling because they're paying more for everyday expenses like groceries."
她繼續說：「因此，物價仍然很高，儘管上漲速度沒有那麼快。生活是昂貴的！人們在爲日常食品等開支支付更多而掙扎。」
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Turning to 401(k)s to pay those balances has also risen because the government has made it easier to access some money from a 401(k) without penalties, she said.
她表示，由於政府讓人們更容易無需處罰地從401(k)中取錢，因此轉向401(k)支付這些餘額的現象也在增加。
"Also, that's where the money is! Because many employers have auto enrollment and employees must opt out, people have more money in their 401(k) account," she said.
她說：「而且，那裏有錢！因爲許多僱主自動入選，員工必須選擇退出，人們在401(k)帳戶中的錢更多。」
"At least with a 401(k) you are paying yourself interest and the rate is usually more affordable than the interest rate of a credit card."
她解釋道：「至少使用401(k)，您在支付自己的利息，而且利率通常比信用卡的利率更實惠。」
Major drawbacks to using a 401(k) to pay down credit cards is that consumers must pay back what they take out before leaving the job that gave them the 401(k). They are also using funds that are meant to be spent in retirement, she said.
使用401(k)支付信用卡的主要缺點是消費者必須在離開提供401(k)的工作前償還借款。她說，他們還使用了本應用於養老的基金。
"You are borrowing money from your future."
「你是在借錢消費未來。」
Price Action: Credit card companies fell slightly on Friday.
價格走勢：信用卡公司在週五略微下跌。
- Visa Inc. (NYSE:V) slipped 0.16% to $284.77.
- Mastercard Incorporated (NYSE:MA) dropped 0.05% to $493.30.
- Discover Financial Services (NYSE:DFS) fell 0.99% to $142.49
- Capital One Financial Corporation (NYSE:COF) declined 0.52% to $152.25.
- Visa Inc.（紐交所：V）下跌0.16%，報284.77美元。
- Mastercard Incorporated（紐交所：MA）下跌0.05%，報493.30美元。
- Discover Financial Services（紐交所：DFS）下跌0.99%，報142.49美元。
- 第一資本信貸公司（紐交所：COF）下跌0.52%，報152.25美元。
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- 分析師預計發現金融今年將進一步縮小FY24指引範圍的細節。
Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。