LIMRA research reveals that many Americans express significant financial worries as a result of the coronavirus outbreak. Among those surveyed, 56% are concerned about the pandemic’s long-term impact on their financial security, 14% have lost their job since the crisis began, 32% earn less income due to decreased hours or reduced pay, and 45% believe the economic downturn negatively affected their retirement prospects.
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How COVID-19 Has Impacted the Retirement Business
Video Segments
In This Episode
In our latest LIMRA Unplugged episode Alison Salka, Ph.D., senior vice president and head of LIMRA Research, chats with Yanela Frias, president of Prudential Retirement, about the challenges pre-retirees are facing and how the industry is working to guide them toward financial wellness.
About LIMRA Unplugged
LIMRA Unplugged is a video podcast series designed to explore issues and trends within the financial services industry. The series combines LIMRA research with real-world insights to offer an in-depth understanding about market challenges and opportunities.
Media Contacts
Helen Eng
LIMRA Retirement Public Relations/Social Media Lead
Work Phone: (860) 285-7834