{"id":1995666,"date":"2023-08-09T16:41:59","date_gmt":"2023-08-09T20:41:59","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/more-americans-are-making-withdrawals-from-their-401ks-as-inflation-hits-households\/"},"modified":"2023-08-09T16:43:15","modified_gmt":"2023-08-09T20:43:15","slug":"more-americans-are-making-withdrawals-from-their-401ks-as-inflation-hits-households","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/more-americans-are-making-withdrawals-from-their-401ks-as-inflation-hits-households\/","title":{"rendered":"As inflation rises, more Americans tap into their 401(k)s for withdrawals."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmore-americans-are-making-withdrawals-from-their-401ks-as-inflation-hits-households%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1995666&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>More Americans Turning to 401(k) Withdrawals to Combat High Inflation<\/h2>\n<p>According to a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-georgia-secretary-of-state-brad-raffensperger-neglected-to-protect-georgians-by-allowing-dominion-voting-machines-in-elections-he-didnt-prevent-fraud-he-provided-f\/\" title=\"REPORT: Georgia Secretary of State Brad Raffensperger Neglected to Protect Georgians By Allowing Dominion Voting Machines in Elections \u2013 He Didn\u2019t Prevent Fraud \u2013 He Provided for It\">recent report<\/a>, an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rubio-blasts-biden-we-are-headed-for-border-chaos\/\" title=\"Rubio Blasts Biden: \u2018We Are Headed For Border Chaos\u2019\">increasing number<\/a> of Americans are resorting to\u2062 emergency withdrawals from\u2064 their\u2063 401(k) retirement plans \u2063to tackle the financial challenges posed\u200b by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/5-reasons-making-taxpayers-pay-off-student-loans-is-a-rotten-idea\/\" title=\"5 Reasons Making Taxpayers Pay Off Student Loans Is A Rotten Idea\">high inflation<\/a>.<\/p>\n<p>Millions of households are finding\u2064 themselves in a situation where they have to heavily rely on their savings and even <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/more-americans-are-making-withdrawals-from-their-401ks-as-inflation-hits-households\/\" title=\"As inflation rises, more Americans tap into their 401(k)s for withdrawals.\">accumulate credit \u2062card\u2064 debt<\/a> just to meet\u2062 their basic needs.<\/p>\n<h3>Struggling with Stubborn Inflation<\/h3>\n<p>Workers are currently \u200cgrappling with persistently high inflation \u200brates, which are\u2063 rapidly eroding\u2063 their\u200b purchasing power and putting immense \u200bstrain on their household \u200bexpenses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More Americans are tapping into their 401(k) retirement funds due to high inflation, says a report. As millions of households struggle, they are resorting to savings and accumulating credit card debt to meet basic needs. Workers are grappling with persistent inflation, which is eroding their purchasing power and causing financial strain.<\/p>\n","protected":false},"author":327,"featured_media":1995667,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-1995666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1995666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/327"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1995666"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1995666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1995667"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1995666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1995666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1995666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}