Motley Fool
Here’s What Adults in Their 60s Have Saved for Retirement — How Do You Compare?
Last year, millions of Americans lost their jobs, and as a result, many had to cut back on retirement plan contributions and focus on making ends meet. Meanwhile, some savers had to dip into their retirement accounts to pay the bills — an option that was available to them without penalty thanks to the CARES Act, the sweeping relief bill that took effect in March of 2020. In fact, a recent survey by Personal Capital reveals that almost 24% of Americans did, in fact, decrease retirement plan contributions during the pandemic.
