It’s ‘More Expensive to Live,’ and Workers Are Tapping 401(k)s for Help

More Americans are raiding their retirement accounts as the cost of living climbs, and experts predict that the number of workers drawing on their 401(k)s to pay for financial emergencies may increase due to a confluence of factors, like new provisions that make withdrawals easier and high inflation that is straining household budgets.

“It’s just more expensive to live these days, and that’s what’s putting the pinch on…