Despitetheir optimism, non-retirees may be thinking a bit more aboutsubsidizing traditional retirement income streams with part-timework. (Photo: Shutterstock)
As COVID-19 impacts jobs and investments around the country, youwould assume that Americans are worried about how this pandemiccould impact their financial plans for retirement. But according toa new Gallop poll, the majority of Americans say they are not thatconcerned.
According to the 2020 installment of Gallup's annual Economy and Personal Finance survey, conductedfrom April 1-14 of this year, non-retired Americans still believethat the income sources they have traditionally relied upon inprevious years to financially be able to retire, are still ontrack. The poll shows that as high as 88% of the responders to thesurvey are still comfortable relying on Social Security as aprimary source of retirement income, and 80% on their 401(k)payout. These numbers echo the poll's numbers from last year, prethe COVID-19 pandemic.
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Heather Nevitt
Heather D. Nevitt is the Editor-in-Chief of Corporate Counsel and Global Leaders in Law.
