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When the Employment Benefit Research Institute (EBRI) surveyed 2,042 workers and retirees for its annual retirement confidence survey in January, it didn't expect a global pandemic to come along and skew the metrics. Enter the supplemental survey, conducted late March in an effort to gauge if and how COVID-19 had changed their outlook.
The results suggest that although COVID-19 has correlated with workers feeling less confident about covering expenses and in retirees forking out more than they'd expected to, retirement was the least of their concerns.
General confidence about living comfortably in retirement for both groups stayed about the same between January and March, and is on the rise from 2019 — an outlook the EBRI branded "surprising to see given the current health and economic crisis impacting Americans."
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Raychel Lean
Raychel Lean is ALM's Florida bureau chief, overseeing the Daily Business Review. Email her at [email protected] or follow her on Twitter via @raychellean.
