{"id":407280,"date":"2021-01-04T07:03:36","date_gmt":"2021-01-04T12:03:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407280"},"modified":"2021-01-04T07:03:36","modified_gmt":"2021-01-04T12:03:36","slug":"covid-19-impacting-short-term-consumer-confidence-retirement-planning","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/","title":{"rendered":"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning<\/b><\/p>\n<p class=\"bwalignc\"><i>Survey from Principal Financial Group<sup>\u00ae<\/sup> highlights how the pandemic has workers and retirees rethinking financial plans<\/i><\/p>\n<p>DES MOINES, Iowa&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nA majority of today\u2019s workers and retirees range from feeling cautious to pessimistic about the economic outlook for 2021, with nearly 75% concerned about how the global pandemic may impact their retirement savings, according to the latest <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsecure02.principal.com%2Fpublicvsupply%2FGetFile%3Ffm%3DPQ12934-0%26ty%3DVOP&amp;esheet=52352860&amp;newsitemid=20210104005008&amp;lan=en-US&amp;anchor=Principal%26%23174%3B+Retirement+Security+Survey&amp;index=1&amp;md5=bb0e8eccf14801a6415b7333ccde9b61\">Principal<i><sup>\u00ae<\/sup><\/i> Retirement Security Survey<\/a>. The study gauged consumer concerns and actions around saving for retirement, financial plans, and reactions to COVID-19 and the accompanying market and economic impacts.\n<\/p>\n<p>\n\u201cCOVID-19 and the resulting impacts have changed how many consumers think about their current and long-term financial security,\u201d said Sri Reddy, senior vice president of Retirement and Income Solutions at Principal<sup>\u00ae<\/sup>. \u201cThroughout the pandemic, we\u2019ve engaged with our individual and business customers to provide real-time information that can help in managing their finances amid the uncertainty. As we reflect on the past year and look ahead to what 2021 may bring, we\u2019re committed to helping workers and retirees feel more secure about their future by offering actionable insights and possible financial solutions.\u201d\n<\/p>\n<p>\nConsumers say health and financial security are their two top priorities this year. They also expressed a need for advice as they navigate their financial plans. And despite citing uncertain feelings about what 2021 may bring, workers and retirees reported high overall happiness during the fourth quarter of 2020 (85%) that\u2019s consistent with 2020 pre-pandemic findings (86%). In addition, 71% of workers and 87% of retirees said they\u2019re confident they\u2019ll remain in a positive state of mind for the next few months.\n<\/p>\n<p><b>Anticipating impacts from market volatility, consumers plan to improve their financial health<\/b><\/p>\n<p>\nNearly 75% of workers anticipate the pandemic is impacting their path to retirement, and the same percent of retirees anticipate an impact on their accumulated retirement savings. As a result, both workers and retirees plan to make changes to help improve their financial health, such as:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nspending less (35%)\n<\/li>\n<li>\nsaving more (29%)\n<\/li>\n<li>\npaying down debt (25%)\n<\/li>\n<\/ul>\n<p><b>Looking to 2021, consumers identify what\u2019s most important and where they need help <\/b><\/p>\n<p>\nPoised with caution and maintaining a positive outlook toward the coming months, workers and retirees call attention to what they feel is most important in life, notably:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nhealth (56%)\n<\/li>\n<li>\nfinancial security (49%)\n<\/li>\n<li>\nhaving a close-knit family (35%)\n<\/li>\n<\/ul>\n<p><b>Opportunities to boost retirement confidence and preparedness<\/b><\/p>\n<p>\nThe percentage of respondents who work with financial professionals jumped several percentage points compared to pre-pandemic survey findings &#8211; from 37% (Q1) to 40% (Q4) for workers, and from 45% (Q1) to 57% (Q4) for retirees. Based on the survey results, Principal identified several notable areas in which financial professionals and those in the retirement industry may be able to offer valuable support to help individuals feel more prepared for retirement.\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><i>Help improve the retirement picture<\/i>. Over 60% of workers do not feel prepared to imagine their life in retirement and more than half say they do not know how they\u2019ll spend their time once they retire.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><i>Support development of a retirement savings plan<\/i>. Nearly 50% of workers surveyed do not feel prepared to plan their retirement income or to make the most of their retirement. And, only 14% of them feel very confident they\u2019ll have enough money saved to live comfortably.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><i>Meet consumers where they are on their financial journey. <\/i>Retirees and workers alike cite two common areas in which they need financial advice: investment selection (29% of workers and 30% of retirees) and how to manage retirement savings once they have retired (41% of workers and 30% of retirees). Retirees say the topics of Medicare and Medicaid plans are a top financial advice need (30%), while workers cite needing help determining when to start receiving Social Security benefits (31%).\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><i>Increase education about guaranteed income. <\/i>Retirees using guaranteed or anticipated income sources during the COVID-19 pandemic say it has enabled them to feel their basic expenses are covered (89%) and be less concerned during bouts of market volatility (56%). While many retirees are benefiting from guaranteed lifetime income sources, there continues to be a need to increase education and access to these solutions to help more Americans feel more secure about retirement.\n<\/li>\n<\/ul>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsecure02.principal.com%2Fpublicvsupply%2FGetFile%3Ffm%3DPQ12934-0%26ty%3DVOP&amp;esheet=52352860&amp;newsitemid=20210104005008&amp;lan=en-US&amp;anchor=To+access+the+full+report%2C+please+click+here.&amp;index=2&amp;md5=4cfae61619f9772df51a2845bd8b6906\">To access the full report, please click here.<\/a><\/p>\n<p><b>About the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsecure02.principal.com%2Fpublicvsupply%2FGetFile%3Ffm%3DPQ12934-0%26ty%3DVOP&amp;esheet=52352860&amp;newsitemid=20210104005008&amp;lan=en-US&amp;anchor=Principal+Retirement+Security+Survey&amp;index=3&amp;md5=ae35266342ef78830257d61cd123bffa\">Principal Retirement Security Survey<\/a><\/b><\/p>\n<p>\nPrincipal conducts periodic \u201cpulse\u201d surveys with customers, financial professionals, and consultants to gain their insights about how timely topics might be impacting them. The November survey findings explore consumer concerns and actions surrounding saving for retirement, financial behaviors related to market volatility, and COVID-19. Nearly 1,200 U.S. residents (35% retirees and 65% workers) who have at least one financial product or service with Principal participated in the study during November 2020.\n<\/p>\n<p><b>About <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.principal.com%2F&amp;esheet=52352860&amp;newsitemid=20210104005008&amp;lan=en-US&amp;anchor=Principal%26%23174%3B&amp;index=4&amp;md5=f3e346b2e8b39330812369ea9eff614f\">Principal<sup>\u00ae<\/sup><\/a><\/b><\/p>\n<p>\nPrincipal helps people and companies around the world build, protect, and advance their financial well-being through retirement, insurance, and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals\u2014offering innovative ideas, investment expertise, and real-life solutions to make financial progress possible. To find out more, visit us at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.principal.com%2F&amp;esheet=52352860&amp;newsitemid=20210104005008&amp;lan=en-US&amp;anchor=principal.com&amp;index=5&amp;md5=9340166795e3a717fa4323cb4d9325cd\">principal.com<\/a>.\n<\/p>\n<p><i>For retirement planning resources, including client guides, educational articles, and checklists, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fadvisors.principal.com%2Fwps%2Fportal%2Fadvisor%2Fresource-center%2Fbuilding-my-business%2Fpreparing-clients-for-retirement&amp;esheet=52352860&amp;newsitemid=20210104005008&amp;lan=en-US&amp;anchor=principal.com%2Fprepare&amp;index=6&amp;md5=569acd3afb368ee3559da09d9dd5ade5\">principal.com\/prepare<\/a>.<\/i><\/p>\n<p><span style=\"font-weight:normal\">The subject matter in this communication is educational only and provided with the understanding that Principal<sup>\u00ae<\/sup> is not rendering legal, accounting, investment advice or tax advice. You should consult with appropriate counsel or other professionals on all matters pertaining to legal, tax, investment or accounting obligations and requirements. The information shown is not intended to provide any suggestion that you engage in or refrain from taking a particular course of action. <\/span><\/p>\n<p><b>Guarantees are based upon the claims-paying ability of the issuing insurance company.<\/b><\/p>\n<p>\nInsurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., 800-247-1737, member SIPC and\/or independent broker\/-dealers. Referenced companies are members of the Principal Financial Group<sup>\u00ae<\/sup>, Des Moines, IA 50392.\n<\/p>\n<p>\n\u00a92020 Principal Financial Services, Inc.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210104005008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210104005008\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210104005008\/en\/<\/a><\/span><\/p>\n<p>\nPaula McCarty, <a rel=\"nofollow\" href=\"mailto:mccarty.paula@principal.com\">mccarty.paula@principal.com<\/a>, 515 248-0417\n<\/p>\n<p><b>KEYWORDS:<\/b> Iowa United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210104005008\/en\/517508\/3\/Principal_sm_rgb_150.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning Survey from Principal Financial Group\u00ae highlights how the pandemic has workers and retirees rethinking financial plans DES MOINES, Iowa&#8211;(BUSINESS WIRE)&#8211; A majority of today\u2019s workers and retirees range from feeling cautious to pessimistic about the economic outlook for 2021, with nearly 75% concerned about how the global pandemic may impact their retirement savings, according to the latest Principal\u00ae Retirement Security Survey. The study gauged consumer concerns and actions around saving for retirement, financial plans, and reactions to COVID-19 and the accompanying market and economic impacts. \u201cCOVID-19 and the resulting impacts have changed how many consumers think about their current and long-term financial security,\u201d said Sri Reddy, senior vice president of Retirement and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407280","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning Survey from Principal Financial Group\u00ae highlights how the pandemic has workers and retirees rethinking financial plans DES MOINES, Iowa&#8211;(BUSINESS WIRE)&#8211; A majority of today\u2019s workers and retirees range from feeling cautious to pessimistic about the economic outlook for 2021, with nearly 75% concerned about how the global pandemic may impact their retirement savings, according to the latest Principal\u00ae Retirement Security Survey. The study gauged consumer concerns and actions around saving for retirement, financial plans, and reactions to COVID-19 and the accompanying market and economic impacts. \u201cCOVID-19 and the resulting impacts have changed how many consumers think about their current and long-term financial security,\u201d said Sri Reddy, senior vice president of Retirement and &hellip; Continue reading &quot;COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-04T12:03:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210104005008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning\",\"datePublished\":\"2021-01-04T12:03:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/\"},\"wordCount\":1025,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210104005008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/\",\"name\":\"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210104005008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"datePublished\":\"2021-01-04T12:03:36+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210104005008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210104005008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/","og_locale":"en_US","og_type":"article","og_title":"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning - Market Newsdesk","og_description":"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning Survey from Principal Financial Group\u00ae highlights how the pandemic has workers and retirees rethinking financial plans DES MOINES, Iowa&#8211;(BUSINESS WIRE)&#8211; A majority of today\u2019s workers and retirees range from feeling cautious to pessimistic about the economic outlook for 2021, with nearly 75% concerned about how the global pandemic may impact their retirement savings, according to the latest Principal\u00ae Retirement Security Survey. The study gauged consumer concerns and actions around saving for retirement, financial plans, and reactions to COVID-19 and the accompanying market and economic impacts. \u201cCOVID-19 and the resulting impacts have changed how many consumers think about their current and long-term financial security,\u201d said Sri Reddy, senior vice president of Retirement and &hellip; Continue reading \"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-04T12:03:36+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210104005008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning","datePublished":"2021-01-04T12:03:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/"},"wordCount":1025,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210104005008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/","name":"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210104005008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","datePublished":"2021-01-04T12:03:36+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210104005008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210104005008r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/covid-19-impacting-short-term-consumer-confidence-retirement-planning\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"COVID-19 Impacting Short Term Consumer Confidence, Retirement Planning"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/407280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=407280"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/407280\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=407280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=407280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=407280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}