The Pandemic impacted many aspects of work and personal life. One aspect where Covid’s impact is just starting to become evident is the dynamics of retirement. Many factors impact the timing, ability and feasibility of retirement, and the recent annual meeting of the Pension Research Council (PRC) produced some interesting and concerning research findings. Among them “The long-term scarring effects of these shocks will force us to save more, work longer, and probably expect less….” and “It used to be the case that being an older worker was somewhat protective of the risk of job loss,” But that has become less true in recent years.”
An executive summary of the PRC’s research findings can be found in this article from Knowledge at Wharton: “How Prepared are Americans for Retirement?.”
