Most Older Americans Won't Postpone Retirement Despite the Pandemic
The coronavirus pandemic threw a lot of people's financial plans off course. Many seniors, for example, who intended to continue working well into their 60s were forced to leave sooner, when health-related concerns drove them away. Meanwhile, millions of jobs were shed once the outbreak struck, and so some older workers were downsized out of a job, leading to an earlier retirement than planned.
The pandemic also made a lot of people financially wary, especially in March of 2020, when the stock market crashed. But interestingly, a report from the Pew Charitable Trusts reveals that most older workers do not intend to delay their retirement as a result of the pandemic. And that's a positive thing.
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Source Fool.com
