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. The Internal Revenue Service allows Americans going through economic hardships to - but figures show more people are using this service now than in previous years. Before the pandemic, the average number of people dipping into their 401(k) Vanguard Group account was two percent - roughly 100,000 of the investment company's five million clients.
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