Best Practices in Training & Development (March 2014)

February 28, 2014

Employers consider retirement plans an important benefit for attracting and retaining employees, but many working Americans are withdrawing from their savings before retirement. According to a recent nationwide survey, 24 percent of those who say that they or their spouse participate in a retirement program through an employer report that they borrowed against or took an early distribution from their retirement program in the past three years.1 The survey was conducted online by Harris Interactive on behalf of Purchasing Power from October 10-14, 2013, among 2,027 U.S. adults ages 18 and older, of whom 972 are employed full-time and/or whose spouse is employed full-time.