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Pandemic-Battered Workers Say Retirement Plans Will Have to Wait

April 22, 2021, 5:13 PM

Many workers who were hurt by the pandemic are saying they’ll now retire later than planned.

Nearly two in five workers were furloughed or laid off — or had their pay cut or hours reduced — since February 2020, according to the latest annual survey about retirement confidence by the Employee Benefits Research Institute and Greenwald Research. Of those, about a quarter say they now think they won’t be able to retire until later than planned, according to the survey released Thursday.

Even workers who hadn’t had a pay cut are revisiting the decision, with 22% tweaking the date, most aiming for...

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