Living in the COVID-19 Pandemic: The Health, Finances, and Retirement Prospects of Four Generations
August 2021 | Transamerica Center for Retirement Studies
August 2021 Transamerica Center for Retirement Studies

Workers have been navigating a public health crisis that has disrupted their daily lives. They have been coping with concerns ranging from health and family to employment and finances. With the immediacy of these concerns and uncertainty about the future, it is surprising that their preparations for retirement, an abstract and distant time for many, have not been altogether forgotten.

Living in the COVID-19 Pandemic: The Health, Finances, and Retirement Prospects of Four Generations examines the retirement outlook of Generation Z, Millennials, Generation X, and Baby Boomers. It focuses on the experiences of employed workers of for-profit companies and the impacts of the pandemic on their health, employment, financial well-being, and their ability to save and invest for retirement.

The research report is based on a survey of more than 3,900 employed workers that was conducted in late 2020 when COVID-19 cases were surging, and many businesses were shuttered or operating at limited capacity because of the pandemic.