- Infowars - http://www.infowars.com -
Americans raiding retirement funds early
April 26, 2011
Nearly one-fifth of full-time employed Americans have raided retirement accounts in the past year to cover emergencies, according to a national Bankrate survey.
Despite increasing signs of a stabilizing U.S. economy, 19 percent of Americans — including 17 percent of full-time workers — have been compelled to take money from their retirement savings in the last year to cover urgent financial needs, the Financial Security Index found.
Though 80 percent of full-time workers didn’t dip into retirement funds, far too many consumers are ill-prepared for emergencies, says Kim McGrigg, manager of community and media relations at Money Management International, a credit counseling agency.
Article printed from Infowars: http://www.infowars.com
URL to article: http://www.infowars.com/americans-raiding-retirement-funds-early/
Copyright © 2013 Infowars. All rights reserved.