With 22.1 million Americans either unemployed or underemployed, retirement savings have taken a major hit since the Great Recession.

A study by Transamerica Center for Retirement Studies surveyed more than 900 people in March who consider themselves unemployed or underemployed to determine just how bad the situation has gotten.

Thirty-five percent of the unemployed and 36 percent of the underemployed have tapped their retirement to pay for living expenses. For those who have been unemployed or underemployed for less than a year, 23 percent said they had withdrawn funds from their retirement accounts, and for those who have been out of work for more than a year, 42 percent have taken money out of retirement savings.

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