Retirement Security Amid COVID-19: The Outlook of Three Generations

Workers across generations are at risk of not achieving a financially secure retirement — an issue of major concern long before the coronavirus pandemic. Now, the negative economic effects of the pandemic are further threatening retirement savings and security. The long-term implications of the coronavirus pandemic and recession on retirement security have yet to be fully realized. However, the financial vulnerabilities among workers across all generations are becoming clear. 

Retirement Security Amid COVID-19: The Outlook of Three Generations examines the retirement outlook of Millennials, Generation X, and Baby Boomers. The research report is based on findings from the 20th Annual Transamerica Retirement Survey which comprises a survey conducted in late 2019 and comparisons from a follow-up survey in April 2020 when large segments of the U.S. economy had temporarily closed due to the pandemic.