Americans Dip Into Retirement Funds to Make Ends Meet During Pandemic

Kiplinger's survey finds pandemic economic upheaval may have affected retirement savings more than we thought.

By Alan Goforth | January 11, 2021 at 02:09 PM

hand pulling block labeled retirement out of block tower

The pandemic had a significant impact on the financial health as well as the physical health of Americans in 2020. Nearly six in 10 withdrew or borrowed money from an IRA or 401(k), often to cover basic living expenses, a new survey by Kiplinger's found.

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Jovia Financial Launches Commercial Lending CUSO

By Natasha Chilingerian | May 08, 2024

The CUSO serves small financial institutions nationwide, with exclusive services for those in the New York City Metro area.

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Credit Unions Still Gaining in Consumer Loans

By Jim DuPlessis | May 08, 2024

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Spending Spikes & Student Loan Debt Are Putting Retirement Savings at Risk

By Kristen Beckman | May 03, 2024

Employers can help employees save by automating and incentivizing emergency savings, but it's key to customize messaging that is unique to a specific employee demographic to increase the likelihood of them taking action.

Spending Spikes & Student Loan Debt Are Putting Retirement Savings at Risk

FAQs: Using Data for Predictions in Credit Unions link

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