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Workers Are Saving for Retirement Despite Challenges Amid the Pandemic

Workers Are Saving for Retirement Despite Challenges Amid the Pandemic

Workers Are Saving for Retirement Despite Challenges Amid the Pandemic
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Americans Top 7 Retirement Priorities for Biden and Congress

Americans’ Top 7 Retirement Priorities for Biden and Congress Americans’ Top 7 Retirement Priorities for Biden and Congress A survey reveals the concerns on the minds of today s workers, and how they want the government to address them. Christos S / Shutterstock.com With a new president and Congress sworn in, many Americans are wondering what’s next and how policies of the new administration will impact them. When it comes to retirement, Americans have a few priorities they’d like to see policymakers address. The 20th Annual Transamerica Retirement Survey of Workers asked about retirement financial security issues to determine which issues workers consider their highest priorities for the new president and Congress. These topped the list.

The Pandemic s Impact on Workers Finances Has Long-Term Repercussions for Retirement Security

(PRNewsfoto/Transamerica Center for Retirement Studies) Before the pandemic, the retirement prospects for many workers was iffy at best. The pandemic has exacerbated that situation. Millions of workers have experienced negative impacts to their employment, ranging from pay cuts and furloughs to job loss. Some workers have even dipped into their retirement accounts to make ends meet, said Catherine Collinson, CEO and president of Transamerica Institute and TCRS. It will take years for many workers to financially recover – and some may never recover. Help from policymakers is needed to strengthen the U.S. retirement system. Retirement Security Priorities for the New President and Congress

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