Retirement savings accounts are the only option in the case of over 60% of those who are unemployed or underemployed across the nation according to a recent survey.
A recent survey by the Transamerica Center for Retirement Studies, reports NJ101.5, found more than a third of those unemployed or underemployed are having to dip into their retirement savings and 401k .
Ken Kamen with Mercadien Asset Management in Princeton makes note that this “savings raids” trend is not just Americans who are acting irresponsibly stating:
“The reality of it is – people have to dip into [retirement] savings to live. Incomes haven’t been growing and jobs have been shaky, at best.”