A new study by the Transamerica Center for Retirement Studies explores how unemployment and underemployment affects the retirement outlook of displaced American workers.

According to the study, 67 percent of displaced workers are less confident in their ability to achieve a financially secure retirement since the recession began. However, the survey report also identifies steps that can be taken to improve their long-term prospects.

The study identified mutliple methods used by displaced workers to make ends meet. Fifty percent have tapped their savings, 32 percent have used credit cards, and 22 percent have taken withdrawals from their retirement accounts. Over one-third (36 percent) of these displaced workers reported having less than $10,000 in total household retirement accounts.

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