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As inflation rises, more Americans tap into their 401(k)s for withdrawals.
More Americans Turning to 401(k) Withdrawals to Combat High Inflation
According to a recent report, an increasing number of Americans are resorting to emergency withdrawals from their 401(k) retirement plans to tackle the financial challenges posed by high inflation.
Millions of households are finding themselves in a situation where they have to heavily rely on their savings and even accumulate credit card debt just to meet their basic needs.
Struggling with Stubborn Inflation
Workers are currently grappling with persistently high inflation rates, which are rapidly eroding their purchasing power and putting immense strain on their household expenses.
Read More From Original Article Here: More Americans Are Making Withdrawals From Their 401(k)s as Inflation Hits Households
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