Unemployment Due to COVID-19 Has Left Millions More at Financial Risk in Retirement

COVID-19 has had a profound financial impact on millions of American households. In fact, the Center for Retirement Research recently released a report indicating that the number of households at risk of financial insecurity in their later years has increased substantially due to the job losses resulting from the novel coronavirus. According to the Center for Retirement Research (CRR), around 50% of working-age U.S. households were at risk of running short of money in retirement before the coronavirus.