Only 35% of Investors Are Making This Smart Retirement Move

This year has been a wild ride, to say the least. Nearly 5 million Americans have been infected with COVID-19, more than 54 million workers have filed initial unemployment claims since March, and the Commerce Department revealed that the U.S. economy experienced its worst performance ever during the second quarter of the year.

It's understandable, then, that Americans are feeling pessimistic. The Wells Fargo/Gallup Investor and Retirement Optimism Index plummeted by 134 points, the single biggest drop since the index began in 1996 (with a baseline score of 100). The index has ranged from +152 in January 2000 to a low of -81 in February 2009. Wells Fargo also found that many people are pessimistic about the stock market's outlook, with nearly half saying that the worst is yet to come.

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Source Fool.com