XML Financial Group Blog

Despite COVID-19, Most Older Americans are Still on Track for Retirement

Written by XML Financial Group | Jul 27, 2021 2:00:00 PM

Last April, unemployment rose to 15.6% among American workers 65 or older and 12.5% among Americans aged 55–64, prompting fears that workers nearing retirement age would be forced to postpone their retirements or dip into their retirement savings ahead of schedule.

According to a new survey from Pew Research, however, despite the unemployment spike among older Americans last year, an overwhelming majority (84%) of older workers’ retirement plans are still on schedule.

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