New study examines the retirement risks faced by Millennials, Generation X, and Baby Boomers

LOS ANGELES, May 19, 2020 /PRNewswire/ — Twenty-three percent of workers who are employed or recently unemployed say their confidence in their ability to retire comfortably has declined in light of the coronavirus pandemic, according to Retirement Security Amid COVID-19: The Outlook of Three Generations, a new study released today by nonprofit Transamerica Center for Retirement Studies® (TCRS).  

Transamerica Center for Retirement Studies logo. (PRNewsFoto/Transamerica Center for Retirement Studies)

“Workers across generations are at risk of not achieving a financially secure retirement — an issue of major concern long before the coronavirus pandemic,” said Catherine Collinson, CEO and president of Transamerica Institute® and TCRS. “Now, the negative economic effects of the pandemic are further threatening retirement