Image credit: © Piksel | Dreamstime.com Despite the stock market reaching record highs, an alarming number of retirees say their retirement account balances had not yet recovered to pre-pandemic levels by the end of 2020.
Nearly half—48% of retirees with retirement accounts—said their accounts have not recovered to pre-pandemic levels, according to a new survey by The Senior Citizens League ( TSCL ), which admitted to being somewhat perplexed by the survey findings.
“While the U.S. stock market ended 2020 at an all-time high, the retirement savings held by many retired adults do not appear to have benefited from the run […]
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