SimplyWise
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 of many, driving some into early retirement and forcing others to postpone long-anticipated retirement plans. A majority of people today are more concerned than ever about retirement. According to the September 2020 SimplyWise Retirement Confidence Index, 58% of Americans are more concerned about retirement today compared to a year ago. The bi-monthly study polled 1,154 Americans ages 18+ between September 8-10, 2020. It explored how people are looking at retirement, Social Security, and savings today, particularly in light of COVID-19.