As the pandemic disrupted employment for millions of workers, many Americans were forced to adjust their vision of their golden years. “For a lot of people, [2020] was extremely disruptive,” said Chad Parks, CEO of Ubiquity Retirement and Savings, a financial firm. “If you’ve been negatively impacted by the events of this past year, you may need to adjust your expectations on what retirement looks like and when that will take place.” Some jobless Americans raided their savings to stay afloat, while those who count on state pensions for their retirement saw state budgets dwindle during the COVID-19 outbreak, potentially threatening their future plans. Read the article to find out more!
