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A Look Behind the Jobs Report
While recent reports of job creation bode promising for the economic recovery, a deeper dive into the statistics shows a troubling situation for many future retirees. In addition to the number of workers sidelined for long periods facing in an interruption in their retirement savings plans, it’s important to note that an extended off-payroll period can have a substantial impact on the average earnings figures used to calculate future Social Security benefits. In a post on mcdowellnews.com, The Motley Fools Christy Bieber explains the long-term effect of current unemployment numbers. Check it out here…
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