Sunday, March 3, 2024

Survey: Most TSP Participants do Not Have Outside Savings

Survey: Most TSP Participants do Not Have Outside Savings

Snippet of Article: "The survey was of TSP participants, both employed and retired, and had a relatively anemic 13% overall response rate. What was interesting was that, among the TSP participants who were still employed, the participation rate climbed the closer the respondents were to retirement. It ranged from 6% for those under 35 to 20% for those 50 and older. I guess that the closer we are to retirement, the more it is on our mind.

Key findings of the survey are:

· Over half of survey participants (54%) are ..."

Source: www.fedweek.com