“Retirement confidence resilient despite pandemic,” by Mary Beth Franklin, Investment News

Quote:  “Despite a global pandemic, the majority of workers and retirees are more optimistic about their ability to live comfortably throughout retirement than before the Covid-19 outbreak began, according to the 2021 Retirement Confidence Survey released Thursday. … Despite the challenges of 2020, 8 in 10 retirees report that their overall lifestyle is as expected or better than expected. The results are virtually identical to those measured in January 2020 before the pandemic began.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

If it’s always darkest before dawn, maybe it’s brightest before dusk. That could explain retirees’ irrational exuberance as government prints more money than it collects in taxes leaving social insurance and safety net programs unfunded.