Federal Reserve Releases Annual Report: Economic Well-Being of U.S. Households in 2020

According to this most recent survey, “Twenty-nine percent of adults who retired in the past year said factors related to COVID-19 contributed to when they retired. Compared to other retirees, recent retirees whose retirement decision was related to COVID-19 were more likely to say they retired because they were forced to do so or work was not available, because they did not like their work, or to care for family members. They were less likely to say they retired because they reached a normal retirement age.”