The resilience among U.S. retirees in contrast to younger generations - Investment News

A new joint research project by Edward Jones and Age Wave found despite COVID-19’s severe health impact on aging adults, older Americans report they are coping far better both emotionally and financially than younger adults. The study of more than 9,000 people across five generations in the United States and Canada uncovered with increasing longevity, more people have longer retirements, making retirement a more important stage of life. The researchers reported the majority of U.S. retirees’ defined retirement as a whole new chapter filled with new choices, freedoms and challenges across four interconnect areas of their lives: health, family, purpose and finance.   The study also found that 24 million Americans have provided financial support to adult children as a result of COVID-19, and an overwhelming majority of retirees said they would offer financial support to their family even if it could jeopardize their own financial future. In Mary Beth Franklin’s article appearing on, she writes how retirees fared better than pre-retirees during pandemic and how the pandemic has changed retirement. Read Ms. Franklin’s article here…


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