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Retirement Savings under coronavirus pandemic challenges in U.S.
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Retirement Savings under coronavirus pandemic challenges in U.S.
Annotation
PII
S207054760011674-8-
DOI
10.18254/S207054760011674-8
Publication type
Article
Status
Published
Authors
Evgeny Emelianov 
Occupation: Senior researcher
Affiliation: Institute for the U.S. and Canadian Studies of the Russian Academy of Sciences
Address: Russian Federation, Moscow
Edition
Issue 3
Abstract

The outbreak of coronavirus pandemic has presented a serious challenge for economics, social institutions; and strengthened risks for pension funds in particular. The previous dynamics of pension funds all over the world showed different approaches to retirement savings and the regulation of their investment by national governments. The economic consequences of coronavirus pandemic show big stress for the pensions industry in the Unites States as well as in other countries. Wild market swings have challenged pension asset managers, but the diversification of the asset bases is an important but not the only issue of the day. The current situation reinforced many other points. Widespread job losses and business closures threaten pension plans revenues of future retirees. At the same time the economic downturn would cut the ability of Americans for bigger pension contributions.

Keywords
retirement savings, US, government regulation, coronavirus pandemic
Received
11.08.2020
Date of publication
25.09.2020
Number of purchasers
25
Views
2813
Readers community rating
0.0 (0 votes)
Previous versions
S207054760011674-8-1 Дата внесения правок в статью - 19.09.2020
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