Will the crisis undermine many older workers’ retirement security?
Economists are largely in the dark about what the COVID-19 pandemic will exactly mean for the economy in the coming months, but they do know it is taking a toll on people’s jobs and savings. Before the pandemic, older workers were staying in the workforce, although it now appears that working longer was not compensation for inadequate savings. For many of the people who retired relatively late, few saw wealth gains, suggesting that extending working years doesn’t necessarily translate to insurance against insufficient savings. Christian Weller, Economist and Senior Contributor to Forbes, has penned an article that puts this issue into perspective. Read Mr. Weller’s column here…