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By  Alana Golden

June 23rd, 2011

Out of Work in America – Profiling the Unemployed and Underemployed

The 12th annual Transamerica Retirement Survey was released this week.

From the reports Summary:

The Great Recession has witnessed high levels of unemployment. According to the Bureau of Labor Statistics, in 2010, there were nearly 15,000,000 who were unemployed representing an unemployment rate of 9.6 percent.

In order to gauge the impact on the retirement outlook on these displaced workers, the 12th annual Transamerica Retirement Survey conducted a survey among 668 Americans who are either unemployed or underemployed (e.g., accepting a job requiring lesser skills and/or pay to generate income).

Not surprising, two-thirds (67 percent) of these un/underemployed workers are less confident in their ability to achieve a financially secure retirement since the recession began.