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It's not just Covid-19 that boomers have to worry about—it's their retirement, too. Not only are the older members of this generation more at risk from the coronavirus, but the accompanying market panic may also have robbed the younger boomers of their chance to retire.
A blog post from the Center for Retirement Research at Boston College points out that lots of boomers already had the deck stacked against them because of too little retirement savings, but they could have been trying to play catch-up in their retirement accounts by taking on riskier investments—which may now have tanked.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
