03.18.22

Fifty-Five Percent of Young Adults Stopped Saving for Retirement During Pandemic, Fidelity Says

by: Financial Advisor

Some 55% of young adult investors halted saving for their retirements during the pandemic, and nearly half say there is no point in saving until things return to normal, according to Fidelity Investments’ 2022 State of Retirement Planning Study. The study, which included an online survey in February of 2,622 adult financial decision makers with at least one investment account, found that among the general population, 41% halted savings for their retirements during the pandemic.

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