Now, just when things seemed to be turning around, millennials are grappling with massive layoffs sparked by the COVID-19 pandemic. Of course, every generation is impacted by these economic crises. But as millennials approach middle age, they are in a financially precarious situation — more economically unstable than older generations.
80% of Americans Say U.S. Faces Retirement Crisis Amid Affordability Pressures and Debt
New national research from the National Institute on Retirement Security finds that 80 percent of Americans believe the nation faces a retirement crisis, as rising costs, debt, and other affordability pressures make it harder to save. The survey also finds widespread caution about AI-generated financial advice and cryptocurrency in workplace retirement plans, while 85 percent say Washington should make retirement security a higher national priority.
