Wednesday, September 9, 2020

Survey: 75% of retirees confident about finances


A Transamerica Center for Retirement Studies report showed 75% of retirees said their confidence in their ability to maintain a comfortable lifestyle has not been affected by the novel coronavirus pandemic, while 15% said their confidence has decreased and 4% said it has increased. The survey showed 69% of retirees rely on Social Security as their main income source, while 40% have other savings and investments.

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