According to a report by USA Today, Money, Latinos and African Americans dipped into their 401(k) retirement accounts at a higher rate than other demographics.

The study was co-sponsored by Ariel Investments and it shows that this trend is a dangerous setback for minorities and their long-term retirement security.

Specifically 40% of Latino workers carried a 401(k) loan balance because they had either taken a hardship withdrawal or taken a loan against their retirement funds.  Hispanics and African Americans also had a high rate of default on their 401(k) loans.  76% of Hispanics that left their employers then defaulted on their loans.

A majority of Latinos who left their jobs in 2010 cashed out their 401(k0 in order to make ends meet versus 39% for white employees that left their jobs.