Surprisingly Few Americans Have Postponed Retirement Due to COVID-19

The coronavirus pandemic has caused economic havoc, driving the country into a recession and leading to a record number of people becoming unemployed in a very short time frame. Amid this chaos, it may seem as though postponing retirement is a smart choice if you still have a job.

Surprisingly, though, very few workers have decided to do that. In fact, research from Northwestern Mutual released this month revealed that only 5% of workers have decided to leave the workforce later than planned.

While there's no reason the pandemic should force you to alter your plans if you're prepared for retirement, the fact is that the economic impact of the virus might affect retirement readiness for some. If that happens to you, you don't want to go forward with your plans and put your future security at risk.

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Source Fool.com