More than 1 in 4 Americans are raiding their retirement accounts after a coronavirus-related job loss
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More than 1 in 4 Americans are raiding their retirement accounts after a coronavirus-related job loss

More than 38 million people have filed for jobless claims since the coronavirus pandemic started.

The unexpected loss in income is causing many Americans to tap their retirement savings just to make ends meet.  And many people who lost a job — or have a spouse or partner whose income has declined — didn’t have much money saved in the first place.

Half of Americans who were recently furloughed…

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