Researchers have warned for years that many Americans lack the emergency savings to cover even a relatively brief disruption of their income. Few events have provided a clearer real-world test of that assessment than the recent 35-day partial government shutdown.
Unemployment is at its lowest point since 1969 and job openings are at a 17-year high, according to the Bureau of Labor Statistics. With a tightened labor market the competition for candidates with the right skill set is soaring. Yet, many workers lack the skills necessary to pursue new opportunities, suggests a new survey from Prudential Financial, Inc.
More than half of millennial military veterans say they are very worried about their financial futures. When it comes to those veterans—many who served in Iraq and Afghanistan post-9/11—only a fifth say they have all they need or are on track to keep up with current expenses, according to Prudential’s Financial Wellness Census™.
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