Tag: COVID-19
Yes, many died in 2020-21, but hopefully it is a one-shot event. The Centers for Disease Control and Prevention (CDC) recently reported that life expectancy had dropped sharply in the wake of COVID-19, and the story was picked up by every media outlet. But it’s not clear to me what this really means. Period lif…
The brief’s key findings are: Surprisingly, the COVID-induced recession appears to have had little impact on retirement because: Social Security checks still go out and its finances are little changed; 401(k) contributions and balances seem relatively unaffected; and unemployment has not disproportionately hurt older workers. But the pre-COVID weaknesses remain: Social Security has a long-term…
