Here's How a Financial Crisis Can Affect Your Retirement

While the economy was booming just a few short months ago, the U.S. has now entered a recession. And there's ample reason to fear the economy will get worse before it gets better, as coronavirus cases spike nationwide, threats of other contagious diseases loom, and some states abandon reopening plans or even reclose some businesses that had just started operating.

With the country facing financial difficulties and arguably in full-blown economic crisis mode, it's important to consider the effect this could have on your financial situation. In particular, data from the last economic meltdown shows that your retirement could be affected.

Image source: Getty Images.

Source Fool.com