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Cash-strapped Americans being squeezed by higher prices are tapping into their 401(k) accounts

More cash-strapped Americans, feeling the burden of high prices and a lack of ability to save, have been tapping into their 401(k) accounts for financial emergencies, data shows.

401(k) hardship withdrawals hit record amid cost-of-living crunch

More Americans are using their 401(k) retirement plans to help cover financial hardships as consumers continue to confront persistently high inflation.

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