Content starts here
CLOSE ×
Search

1 in 4 Tapped Retirement Accounts or Stopped Saving During Pandemic

Nearly a quarter of Americans put saving for retirement on hold during the pandemic and stopped contributing to — or prematurely dipped into — their retirement accounts, according to a troubling new AARP Research study. More than half  of the more than 5,400 adults surveyed said a lack of money has stopped them from contributing more to their retirement accounts, with 44 percent citing debt payments as a major hurdle to saving.

Research shows the economic upheaval created by COVID-19 has disproportionately weighed on older Americans, forcing many to retire early or chip away at their savings.

Learn more about the study.

Get Our Daily Newsletter

Start each day with The Daily newsletter for the latest in health, money and jobs — and updates on how we're fighting for you.