Job changes lead to ‘retirement drift’ for Americans’ savings

kAm*@F?86C 86?6C2E:@?D 2C6 >@C6 =:<6=J E@ =@D6 EC24< @7 C6E:C6>6?E D2G:?8D 7C@> AC6G:@FD 6>A=@J6CDi 92=7 @7 v6? + Wd_TX 2?5 cdT @7 |:==6??:2=D 92G6 =@DE EC24< @7 @=5 D2G:?8D[ 4@>A2C65 E@ b_T @7 v6? ) 2?5 `cT @7 q@@>6CD]k^Am

kAmu:7EJ\7@FC A6C46?E @7 C6DA@?56?ED 28C665 E92E 92G:?8 C6E:C6>6?E D2G:?8D :? >F=E:A=6 244@F?ED >2<6D :E 92C56C E@ A=2? 7@C C6E:C6>6?E] x? 724E[ c_T H@CCJ E96J 4@F=5 =@D6 EC24< @7 E96:C C6E:C6>6?E @G6C E96 4@FCD6 @7 E96:C 42C66C]k^Am

kAmp44@C5:?8 E@ cdT[ >2?28:?8 E96:C C6E:C6>6?E D2G:?8D 364@>6D :?4C62D:?8=J >@C6 4@>A=:42E65 6G6CJ E:>6 E96J 492?86 ;@3D]k^Am

kAm*6E[ 2 >2;@C:EJ @7 C6DA@?56?ED WgdTX 36=:6G6 =62G:?8 2 ;@3 D9@F=5?’E >62? DE2CE:?8 2== @G6C 282:? H:E9 E96:C C6E:C6>6?E D2G:?8D]k^Am

kAm“r92?8:?8 ;@3D :D 2 ?@C>2= A2CE @7 2 42C66C[ 3FE @FC 7:?2?4:2= =:G6D 5@?’E 2=H2JD EC2?D:E:@? 2D ?62E=J[” D2:5 y2?6 q2CE@D:<[ $'![ (62=E9 $@=FE:@?D 2E t>A@H6C] “s64:5:?8 H92E E@ 5@ H:E9 2 c_`W<X 7C@> 2 AC6G:@FD 6>A=@J6C 42? E2<6 2 324< D62E H96? J@F’C6 DE2CE:?8 2 ?6H ;@3 2?5 >2?28:?8 @E96C 7:?2?4:2= AC:@C:E:6D] %96D6 244@F?ED 42? 244F>F=2E6[ >2<:?8 :E 92C56C E@ D66 J@FC 4@>A=6E6 C6E:C6>6?E A:4EFC6 2?5 <?@H H92E DE6AD E@ E2<6 ?6IE]”k^Am

kAmu@C >2?J p>6C:42?D[ 724:?8 >F=E:A=6 C6E:C6>6?E 244@F?ED >2<6D 4@?D@=:52E:@? 52F?E:?8] ~G6C 92=7 WdfTX D2:5 E96J E6?5 E@ AFE @77 7:?2?4:2= E2D<D E92E D66> 4@>A=:42E65 — E9:D H2D 6DA64:2==J E96 42D6 7@C v6? +6CD WehTX]k^Am

kAm k^Am

kAm k^Am

kAmp?5 2D dcT 7:?5 C6E:C6>6?E A=2??:?8 >@C6 4@?7FD:?8 E92? @E96C 2C62D @7 A6CD@?2= 7:?2?46[ ;FDE 2D >2?J 92G6 AFE >2?28:?8 E96:C C6E:C6>6?E D2G:?8D 2E E96 3@EE@> @7 E96:C 7:?2?4:2= E@\5@ =:DE]k^Am

kAm}62C=J 92=7 WcfTX 92G6 56=2J65 562=:?8 H:E9 C6E:C6>6?E D2G:?8D[ DF49 2D :?:E:2E:?8 2 C@==@G6C[ 3642FD6 :E 76=E @G6CH96=>:?8[ :?4=F5:?8 dgT @7 v6? + 2?5 dfT @7 |:==6??:2=D]k^Am

kAmw2G:?8 2 4=62C G:6H @7 C6E:C6>6?E D2G:?8D 244@F?ED 42? 3C:?8 >2?J 2 D6?D6 @7 4@?7:56?46 2?5 4@?EC@=] p =2C86 >2;@C:EJ WgcTX D2:5 <66A:?8 E96:C C6E:C6>6?E D2G:?8D @C82?:K65 8:G6D E96> A6246 @7 >:?5[ 2?5 ?62C=J 2D >2?J WgbTX 766= >@C6 :? 4@?EC@= H96? E9@D6 D2G:?8D 2C6 @C82?:K65 :? @?6 A=246]k^Am

kAm%9C66\BF2CE6CD @7 C6DA@?56?ED WfeTX D2:5 E92E 4=62C[ DE6A\3J\DE6A 8F:52?46 H@F=5 >2<6 E96> >@C6 =:<6=J E@ E2<6 24E:@?] $6G6?EJ A6C46?E 2=D@ D2:5 E96JV5 36 >@C6 =:<6=J E@ 24E :7 E96J 36EE6C F?56CDE@@5 E96 C6E:C6>6?E @AE:@?D :? 7C@?E @7 E96>] }62C=J EH@\E9:C5D WebTX 36=:6G6 px 2?5 5:8:E2= E@@=D 42? >2<6 C6E:C6>6?E A=2??:?8 62D:6C 7@C E96>] w@H6G6C[ H9:=6 fbT 36=:6G6 px :D 2 G2=F23=6 4@>A=6>6?E E@ 9F>2?[ AC@76DD:@?2= 7:?2?4:2= 25G:46[ :E D9@F=5?VE C6A=246 E96 9F>2? 6IA6C:6?46]k^Am

kAmx? 724E[ fgT D2:5 7@C E96:C :>A@CE2?E C6E:C6>6?E 564:D:@?D[ E96JV5 ECFDE 2 7:?2?4:2= AC@76DD:@?2= >@C6 E92? E96J H@F=5 px]k^Am

kAm(96? 2D<65 H92E H@F=5 >2<6 E96> >@DE =:<6=J E@ C6G:6H @C 24E @? E96:C C6E:C6>6?E D2G:?8D[ C6DA@?56?ED >@DE @7E6? 49@D6 E2=<:?8 H:E9 2 7:?2?4:2= AC@76DD:@?2= WaaTX 2?5 2AAC@249:?8 C6E:C6>6?E W`hTX]k^Am

kAm“%96 C6D62C49 D9@HD 9@H >F49 p>6C:42?D G2=F6 92G:?8 2 D6?D6 @7 4=2C:EJ 2?5 4@?EC@= H96? :E 4@>6D E@ E96:C C6E:C6>6?E D2G:?8D[” D2:5 q2CE@D:<] “pD H@C<:?8 =:G6D 364@>6 =6DD =:?62C[ E92E G:D:3:=:EJ 42? 364@>6 6G6? >@C6 :>A@CE2?E :? 96=A:?8 A6@A=6 DE2J 4@??64E65 E@ E96 D2G:?8D E96J’G6 3F:=E @G6C E:>6]”k^Am

kAmy@3D 492?86] #6E:C6>6?E A=2??:?8 5@6D?’E 92G6 E@ DE2CE @G6C] %2=<:?8 E@ 2 7:?2?4:2= AC@76DD:@?2= 42? 96=A J@F =62C? >@C6 2?5 k2 9C67lQ9EEADi^^HHH]6>A@H6C]4@>^=A^6>A@H6C\>J\@AE:@?DQ E2C86ElQ03=2?<Q C6=lQ?@@A6?6CQm36EE6C F?56CDE2?5 J@FC @AE:@?Dk^2m]k^Am

kAmkDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6jQmkDEC@?8m|6E9@5@=@8Jik^DEC@?8mk^DA2?mk^Am

kAmk6>mkDEC@?8mt>A@H6C’D “%96 #6E:C6>6?E sC:7E”k^DEC@?8m DEF5J :D 32D65 @? @?=:?6 DFCG6J C6DA@?D6D 7C@> a[__d kDEC@?8mp>6C:42?D 286D `gZ 7:6=565 3J 2? :?56A6?56?E E9:C5\A2CEJ A2?6=k^DEC@?8m AC@G:56C 7C@> kDEC@?8myF=J b_ \ pF8] `[ a_ae]k^DEC@?8m %96 DFCG6J :D H6:89E65 E@ 36 ?2E:@?2==J C6AC6D6?E2E:G6 @7 &]$] 25F=ED]k^6>mk^Am

kAmk6>my2?6 q2CE@D:< :D 2 C68:DE6C65 C6AC6D6?E2E:G6 H:E9 kDEC@?8mt>A@H6C u:?2?4:2= $6CG:46D[ x?4][ |6>36C ux}#p^$x!rk^DEC@?8m 2?5^@C 2? :?G6DE>6?E 25G:D6C C6AC6D6?E2E:G6 H:E9 kDEC@?8mt>A@H6C p5G:D@CJ vC@FA[ {{r]k^DEC@?8mk^6>mk^Am

k9cmkDEC@?8m#~dhfed`_\`_aek^DEC@?8mk^9cm