This Is the Biggest Mistake Young Job Changers Can Make
Cashing out your 401(k) is a bad idea at any age but can really kneecap millennials and Gen X-ers
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Consumers who feel better about their finances and job prospects spend more, and that's a huge driver of the U.S. economy. The latest consumer sentiment numbers, which blew past the estimates in a Bloomberg survey, are a good sign.
But a rise in confidence also leads employees who are antsy in their jobs to move on—and cash out of their company's 401(k) while they're at it.