COVID-19 scrambles retirement planning, but many keeping eye on ball
Data from Voya and Ascensus offers somewhat positive news about participant behavior.
By Mike Scarcella|September 14, 2020 at 08:15 AM
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The coronavirus pandemic broadly disrupted industries and workplaces across the country and globe, forcing many working Americans to closely examine their financial stability in a time of crisis and their ability to prepare adequately for retirement.
A new survey from Voya Financial found 54% of respondents said they were now planning to work in retirement as a result of the coronavirus crisis. Still, saving for retirement, according to the consumer survey, remained a top priority for more than half of the respondents who participated in the survey from March to July.
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