Workers Missed Bills, Burned Savings During Government Shutdown

More than a quarter of federal employees missed a mortgage or rent payment during the shutdown, while 49 percent fell behind on bills in general, according to the Prudential survey of 352 federal workers, contractors and spouses. “Boy, this is really tough -- it is really a wake-up call for them, and for everybody else, that emergency savings matter,” Jamie Kalamarides, president of Prudential Group Insurance, said in a phone interview. The survey by Prudential, the second-largest U.S. life insurer, is timely: Negotiators in Washington who are trying to avert yet another shutdown ahead of a deadline this week are awaiting word on whether President Donald Trump will approve a tentative deal.

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