The COVID-19 crisis has upended the financial picture for millions of Americans, leaving their retirement savings in a precarious state. Even pre-pandemic, many workers were woefully unprepared for retirement. Now, long-term savings has fallen further down the list of financial priorities, leading to stress and anxiety.
Almost half of U.S. households say they have had serious financial problems as a result of the crisis, according to an NPR survey. Sixty-four percent of Americans anticipate retiring broke, according to a survey by GoBankingRates, an online personal finance resource provider.
