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It's not just Covid-19 that boomers have to worry about—it's their retirement, too. Not only are the older members of this generation more at risk from the coronavirus, but the accompanying market panic may also have robbed the younger boomers of their chance to retire.

A blog post from the Center for Retirement Research at Boston College points out that lots of boomers already had the deck stacked against them because of too little retirement savings, but they could have been trying to play catch-up in their retirement accounts by taking on riskier investments—which may now have tanked.

According to the blog post, "Economists estimate GDP will contract in the second quarter at an unprecedented 10 percent to 24 percent annual rate." And it quotes Evan Beach, a financial planner in Alexandria, Virginia, predicting that "People are going to get fired, and the people who get fired are not the 25-year-olds making $60,000. They're going to be the 50- and 60-year-olds making $120,000."