The last few years have rocked the U.S. economy and workforce. COVID-19 prompted lockdowns and the shuttering of storefronts and restaurants across the country. It disrupted where, when, and how Americans work, and also altered consumer behaviors around finances, healthcare, shopping and beyond. It catalyzed technological adoption, including the usage of digital collaboration tools for […]
Retirement Confidence Index
January 2021 The pandemic has altered the lives of every American. Despite buoyant markets, millions of Americans faced unprecedented financial hardship caused by COVID-19. It has upended what work, income, and employment opportunities look like, as well as retirement. It has eaten into savings, forced people into debt, and created unprecedented levels of housing instability. […]
Retirement Confidence Index
November 2020 With a politically polarized nation and COVID-19 cases surging around the country, uncertainty has become the new normal in America. While jobless claims have recently dipped slightly, the unemployment rate and 11 million jobless workers reported in October are both approximately twice pre-COVID levels. A majority of citizens remain paycheck to paycheck, unable […]
Retirement Confidence Index
September 2020 The current public heath, economic, and political reality in the United States has created enormous uncertainty for many Americans. A majority of citizens lack the savings to last them even three months. That savings gap is even more drastic when it comes to retirement. Indeed, the pandemic has wrought havoc on the retirement plans […]
SimplyWise July 2020 Retirement Confidence Index
Introduction Beyond the health impact, COVID-19 has created unprecedented economic uncertainty. The pandemic has roiled the economy and devastated Americans’ savings and wallets. And it appears there is no end in sight. Amidst the current surge in COVID-19 cases across the country, states have revived restrictions and stay-at home directives. With the unemployment rate remaining above 10%, the rise […]
SimplyWise May 2020 Retirement Confidence Index
Introduction Americans have always struggled to save. Many live paycheck to paycheck, on the very edge of financial security. Historically, that savings shortfall has been all the more dramatic when it comes to saving for retirement. But with the coronavirus pandemic and the havoc it has wrought on the economy, that retirement savings gap may worsen. […]