Retirement Confidence Is Down Across All Generations. Here's How to Boost Yours.
The COVID-19 crisis is changing the way many Americans work, spend, and think about the future -- and not necessarily for the better. In fact, 23% of workers say they're less confident in their ability to retire comfortably due to the pandemic, according to a new Transamerica survey.
Not surprisingly, retirement confidence wanes increasingly with age. While 20% of millennials have less retirement confidence than they did pre-pandemic, the same holds true for 25% of Gen Xers and 32% of baby boomers. If you're feeling insecure about retirement in light of the economic crisis our country is facing, you're clearly not alone, but there are some steps you can take to improve your outlook and increase your chances of getting to enjoy your senior years without financial worry.
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Source Fool.com
