72% of Americans Pledge to Do This Once the COVID-19 Crisis Ends
The COVID-19 crisis has caused a lot of people to change the way they think -- and spend their money. In fact, many people have had no choice but to hit pause on retirement plan contributions due to the pandemic. It's encouraging, therefore, to hear that 72% of Americans plan to prioritize their nest eggs once the crisis is over, according to a recent TD Ameritrade survey. And that's an important goal to aim for no matter your age.
Why do you need a nest egg going into retirement? It's simple: Social Security won't provide enough financial support during your golden years. The average recipient today collects about $1,500 a month, or $18,000 a year, in benefits, which isn't a whole lot of money to live on -- especially when you factor in the cost of healthcare during retirement, which can be astronomical even if your health itself is just fine.
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Source Fool.com
