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As the COVID-19 pandemic hits pocketbooks and paychecks, one group hasn't changed its financial habits: those who save a lot for retirement.
Nearly one third of so-called "super savers" haven't made any financial changes due to the coronavirus, according to Principal Financial Group's annual survey of "Super Savers," defined as those who defer 90% of the IRS maximum to their retirement accounts or 15% or more of their income. In fact, 75% said the current U.S. market is a buying opportunity, and more than one third are saving more, not less.
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Amanda Bronstad
Amanda Bronstad is the ALM staff reporter covering class actions and mass torts nationwide. She writes the email dispatch Law.com Class Actions: Critical Mass. She is based in Los Angeles.
