How The Pandemic Has Affected Your Retirement
Some people are facing more difficult times than others.
The covid-19 pandemic has affected everyone worldwide regardless of their age, race, or gender. But how has the pandemic affected those who were looking to retire during or shortly after the pandemic?
New information from Northwestern Mutual has found that the pandemic, which has benefitted some people financially, has changed the retirement plans for at least 35% of Americans.
According to CNBC, 24% of Americans who were looking to retire informed researchers that they now plan on retiring later in life due to the unexpected pandemic which resulted in mass unemployment and financial hardships.
What is even more interesting is that 11% of people in the survey now plan on retiring sooner because the pandemic somehow was financially beneficial for them.
A majority of those who extended their retirement plans only plan to work 3-5 years longer to make up for financial losses.
* Additional Disclaimer: All content provided by this newsletter is for informational and educational purposes only and is not meant to represent trade, investment, or healthcare recommendations.
