Coronavirus Has Left a Quarter of Workers Less Confident About Retirement: Survey
For many Americans, COVID-19 hasn't just affected their current financial situation -- it's made them less sure about their future as well. In fact, research from the Transamerica Center for Retirement Studies revealed that 23% of workers are less confident about their retirement prospects than they were before the pandemic happened. Breaking down that total generationally, it includes 20% of millennials, 25% of Gen Xers, and 32% of baby boomers.
It's not surprising the novel coronavirus has caused retirement readiness to take a hit, as millions of Americans have found themselves facing unemployment or a reduction in their investment account balances. But the virus doesn't have to doom you to disaster in your retirement years. In fact, there are three simple steps you can take today to restore your confidence and get back on track.
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Source Fool.com
