When surveyed in April 2020, 23 percent of Americans felt declined confidence in retiring comfortable, due to the coronavirus pandemic. When surveyed again in December 2020, a lower share, only 16 percent, felt declined confidence to retire. Meanwhile, a higher share (13 percent) felt increased confidence in April 2020. This share was lower in December that year, when only 11 percent had improved confidence to retire comfortably.
Retirement confidence after the coronavirus pandemic in the United States in 2020
April 16-20, 2020; November 17 to December 29, 2020
Number of respondents
3,109 respondents*
Age group
18 years and older
Method of interview
Online survey
Supplementary notes
This question was phrased by the source as follows: "How has your confidence in your ability to retire comfortably changed in light of the coronavirus pandemic?" in the 2020 April survey
This question was phrased by the source as follows: "How has your confidence in your ability to retire comfortably changed in light of the coronavirus pandemic?" in the 2020 December survey.
*1,248 respondents in 2020 April survey.
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Transamerica Center for Retirement Studies. (August 5, 2021). Retirement confidence after the coronavirus pandemic in the United States in 2020 [Graph]. In Statista. Retrieved June 28, 2022, from https://www.statista.com/statistics/1189267/retirement-confidence-after-the-coronavirus-pandemic/
Transamerica Center for Retirement Studies. "Retirement confidence after the coronavirus pandemic in the United States in 2020 ." Chart. August 5, 2021. Statista. Accessed June 28, 2022. https://www.statista.com/statistics/1189267/retirement-confidence-after-the-coronavirus-pandemic/
Transamerica Center for Retirement Studies. (2021). Retirement confidence after the coronavirus pandemic in the United States in 2020 . Statista. Statista Inc.. Accessed: June 28, 2022. https://www.statista.com/statistics/1189267/retirement-confidence-after-the-coronavirus-pandemic/
Transamerica Center for Retirement Studies. "Retirement Confidence after The Coronavirus Pandemic in The United States in 2020 ." Statista, Statista Inc., 5 Aug 2021, https://www.statista.com/statistics/1189267/retirement-confidence-after-the-coronavirus-pandemic/
Transamerica Center for Retirement Studies, Retirement confidence after the coronavirus pandemic in the United States in 2020 Statista, https://www.statista.com/statistics/1189267/retirement-confidence-after-the-coronavirus-pandemic/ (last visited June 28, 2022)
