Even Wealthier Americans Are Pessimistic About Retirement Because of Coronavirus

The COVID-19 crisis has changed the way Americans think about retirement -- and not necessarily in a good way. In fact, 70% of older Americans aged 56 to 75 report that the pandemic has made them more pessimistic about retirement, according to a survey by the Alliance for Lifetime Income of older. What's notable, though, is that all survey participants had a minimum of $100,000 in assets, which means we're talking about a sample set of potentially well-off individuals who are now rethinking their long-term plans. In fact, 3.2 million people have decided to delay retirement because of the impact of COVID-19.

But should you be worrying more about retirement in light of the ongoing crisis? Here are a few signs you may not have to.

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Source Fool.com