Insight: Recovery at risk as Americans raid savings

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Snip < (Reuters) - More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery.



Snip< AIDING THE RETIREMENT FUND

Loans taken from retirement savings accounts jumped 20 percent last year across all demographics, according to a survey to be published in March. Among lower earners they leapt by as much as 60 percent, said Aon Hewitt's Hess. The vast majority of borrowers, she said, need the money for essential expenses like bills, car repairs and college tuition.











http://www.reuters.com/article/2012/01/17/us-recovery-risk-idUSTRE80G08320120117

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1. meanwhile our Government has "cut the rate of increase" of military welfare spending nt