No Surprise: Americans Are Less Confident About Their Retirement Due To Pandemic
In what might be considered a profound statement of the obvious, results of a recent study by two respected financial organizations found that Americans are generally less confident about achieving a comfortable retirement because of the COVID-19 pandemic. This was particularly true of survey respondents who were women and those who are in their immediate pre-retirement phase of life (e.g., their 50s). Nevertheless, the survey also revealed that those planning for their retirement are now avoiding volatile, risk-prone investments and shifting toward more protected forms of assets. Click here to read about the recent survey as described by Kiplinger Personal Finance at Cision PR Newswire.