E*TRADE Study Reveals Childcare Is a Major Retirement Savings Barrier for Parents Amid Pandemic
ARLINGTON, Va.–(BUSINESS WIRE)–E*TRADE Financial Corporation (NASDAQ: ETFC) today announced results from the most recent wave of StreetWise, the E*TRADE quarterly tracking study of experienced investors. Results indicate the pandemic may have a significant impact on parents’ retirement savings:
- Childcare is a major barrier to retirement. Nearly half of parents (46%) said childcare is a barrier to retirement—a 6 percentage point increase since Q1, before the pandemic, and 20 percentage points higher than the total population.
- Retirement preparedness dropped among parents. The percentage of parents who feel prepared to retire in the event of an unforeseen circumstance dropped 8 percentage points from the first quarter…