LOS ANGELES–(BUSINESS WIRE)–6/2011  A new study released today by the non-profit Transamerica Center for Retirement Studies® (“The Center”) illuminates how unemployment and underemployment can impact the retirement outlook of displaced American workers. The study of 668 displaced workers who are either unemployed or underemployed—part of the 12th Annual Transamerica Retirement Survey—found that the majority (67 percent) of these displaced workers are less confident in their ability to achieve a financially secure retirement since the recession began. However, the survey report also identifies steps that can be taken to improve their long-term prospects. “It is vital for workers to do all they can to help avoid tapping into their retirement savings.”

Continue reading Unemployment Affects Displaced Workers’ Retirement Outlook →