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Inflation strains 401(k)s

Inflation strains 401(k)s

A TIAA survey of 1,000 U.S. adults found that 43% cut or stopped retirement contributions in the past year to cover living costs, while 12% made early withdrawals. The report links the pressure to inflation, with consumer prices up nearly 30% since early 2021; Vanguard and Fidelity, however, said their plan data showed most participants had not reduced contributions.

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