Employer-based retirement savings plans have become a cornerstone of how Americans prepare financially for retirement. However, saving for retirement is a long-term process, and U.S. workers change jobs frequently. What happens to workers’ retirement savings when they change jobs? As part of our Workforce Economic Inclusion and Mobility survey, we asked low-wage workers what they did with their retirement plans the last time they switched their jobs. In this post, we discuss the findings.
U.S. workers change jobs frequently. How does that affect retirement savings?
