61% of Americans Say COVID-19 Has Affected Their Ability to Save for Retirement

The coronavirus pandemic has had a powerful effect on our society, and millions of Americans are feeling the effects. Tens of millions of people are out of work due to COVID-19, and the virus may also cause many older adults to alter their retirement plans.

Money is tight for many households right now, and the majority of Americans are finding it hard to save. In fact, around 61% of U.S. adults say the COVID-19 pandemic has negatively affected their ability to save and invest for the future, according to a survey from Country Financial.

Saving for retirement may be at the bottom of your priority list right now, but it's still important to be thinking about your senior years -- especially if your retirement age is quickly approaching. Fortunately, there are a few things you can do if COVID-19 has affected your retirement strategy.

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Source Fool.com