Roughly 68 Million Americans Are Changing Their Retirement Plans Because of COVID-19
The COVID-19 crisis has taken an unprecedented toll on the U.S. economy, and it's causing a lot of people to rethink some of their financial decisions. In fact, nearly 68 million Americans say that the pandemic is making them reconsider the timing of their retirement, according to a new Edward Jones and Age Wave study.
Specifically, 29% of Americans say they'll retire later than initially planned, citing a need for more income as a main driver. And those who now intend to delay retirement will put off that milestone by 3.3 years on average.
On the other hand, 10% of people now say they'll retire earlier. The question is: Should you change your retirement plans in light of the pandemic?
Source Fool.com
