Report: Debt is still piling up for U.S. workers

Most Americans with employer-sponsored retirement savings plans are taking on debt more quickly than they are saving money for retirement, according to a report from HelloWallet. The report says 60% of workers participating in defined-contribution accounts have mortgage, credit card and installment-loan balances growing at a rate faster than their retirement savings, and the gap is increasing.

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Washington Post (tiered subscription model), The · National Underwriter Life & Health

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