Data from the Federal Reserve and the IRS reveals that workers respond to income shocks and other events by withdrawing 30–40 cents of every dollar they've put into a retirement account before they ever get to retirement. (Photo: Shutterstock)
Some employees are actually getting help from their bosses in setting up rainy-day funds—thanks to employer concerns about productivity levels and workers' inability to retire.
That's according to a report in the Wall Street Journal that highlights the efforts of companies such as Levi Strauss & Co., Kroger Co. and SunTrust Banks Inc. to help employees find a way out of the financial morass many are in.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
