40% of Americans Fear They'll Never Retire Because of COVID-19

The COVID-19 crisis has been a nightmare beyond most people's imagination, and with the U.S. economy still largely shut down, it's hard to say when things will start to get better. Not only is the pandemic hurting people's immediate financial prospects, but it's also making many people question whether retirement is still on the table.

In fact, 56% of Americans are more concerned about retirement today compared to how they felt about it a year ago, according to the May 2020 Simplywise Retirement Confidence Index. Worse yet, 40% of Americans now fear they won't manage to retire at all. If you're worried that the pandemic will ruin your chances of retiring, here are a few steps you can take to prevent that fate.

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