How COVID-19 is Affecting Retirement Plans

“As the COVID-19 pandemic unfolds, Empower Institute has closely tracked Americans’ feelings about their finances, including their retirement savings. In a national survey we conducted at the beginning of March, 59% of respondents said they were confident in their retirement savings. By mid-March, that number had fallen to 47%.

Like many other aspects of our lives, employees’ confidence in their retirement plans has undergone rapid change. In that context, we surveyed the employers who use the Empower platform to understand how their priorities have shifted.” Click here for survey results.

Source: Empower Retirement, LLC