Social Security Report

The pandemic has taken a toll on women’s retirement savings. - CNN Business

The economic slowdown caused by the pandemic has taken a toll on retirement savings, especially for women. According to data from the Bureau of Labor Statistics, since the beginning of the pandemic, more than 2.3 million women have left the workforce which is a huge difference from before the pandemic when women made up more than 50 percent of the U.S. labor force. Dan Doonan, the executive director of the National Institute on Retirement Security states “the pandemic is really setting women back as far as being prepared for retirement. So you have job losses that can throw you off track, and the next job you find might not be the same quality.” In Jazmin Goodwin’s article appearing on www.cnn.com, she outlines what women can do to try and catch up on retirement savings. Read Ms. Goodwin’s article here…

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.