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A new survey about how employees are coping with financial strain showed that most respondents were not thinking about or planning to dip into retirement accounts early as an option to make ends meet amid the virus pandemic.
"Understanding how people plan to handle financial strain can help employers provide the right tools to help their employees stay on track," Empower Retirement said in a paper that detailed the online survey, conducted in April as the novel coronavirus pandemic was causing mass layoffs and furloughs across professional industries.
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Mike Scarcella
Mike Scarcella is a senior editor in Washington on ALM Media's regulatory desk. Contact him at [email protected]. On Twitter: @MikeScarcella. Mike works on a slate of newsletters: Supreme Court Brief | Higher Law | Compliance Hot Spots | Labor of Law.
