FACT OF THE WEEK
3 in 10 working boomers have borrowed or withdrawn from retirement accounts
Among workers age 18+ who are currently participating in a retirement plan,”27% have taken some form of loan, early withdrawal, and/or hardship withdrawal from a 401(k) or similar plan or IRA. Generation X (30%) is most likely to have taken a loan or withdrawal. Baby Boomers (28%) are slightly less likely. Millennials (22%) are least likely,” according to the 2016 TransAmerica retirement survey. (p. 64)
| |
|
| |
Collinson, C. (2016). Perspectives on retirement: Baby boomers, generation X, and millennials 17th annual TransAmerica retirement survey of workers. Los Angeles: TransAmerica Center for Retirement Studies. Retrieved from this source. |
|
PREVIOUS FACTS
26 September 2016
Almost 15% of workers aged 45-64 belong to unions
19 September 2016
1 in 4 adults aged 50-65 report no physical activity or exercise outside of work
12 September 2016
4 in 10 workers globally do not favor an increase in retirement age for social security
06 September 2016
6 in 10 displaced workers aged 55-64 found new jobs in 2016
More »
|
