- "Enormous Uncerntainty." That is how SimplyWise stated the situation in their latest "retirement confidence survey."
- There are several critical issues in the index which encapsulate the ongoing financial distress that existed before the pandemic, but have since markedly worsened.
- Two major bear markets, lack of wage growth, and surging costs of living have eroded any ability to build savings for retirement.
- With the vast amount of individuals already vastly under-saved and dependent on social welfare, the current economic devastation will reveal the full extent of the "retirement crisis."
For further details see:
'Enormous Uncertainty' Despite Fed-Fueled Market Surge