The Coronavirus Is Having a Devastating Impact on Retirement Readiness

Americans of all ages are facing financial struggles due to the coronavirus as the great lockdown necessitated by it has led to record unemployment, an economic recession, and unprecedented volatility in the stock market. Sadly, both future and current retirees have indicated their retirement could be affected in some profoundly negative ways. According to a survey by the website Personal Capital, there has been a major overall drop in the number of people who feel financially prepared for retirement.