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one of the main economic consequences of the covid pandemic was it set so many people back on their retirement goals according to a BlackRock survey 42 percent of people say that the pandemic hardships have set them back in their retirement savings 25 percent of people in the survey say theyre not earning enough to save and 17 say they were previously earning enough to save but can no longer do so because of rising costs of living financial advisors might typically tell you you need to save 80 percent of your yearly salary per year of retirement to plan for a comfortable work life so thats 40K if you make 50k 80k if you make 100 and 140 million if youre Cristiano Ronaldo hes a uh hes a big fan of the show most people however arent even close to their retirement saving goals in the U.S for example the median American retirement account is estimated to hold just over 70k with 25 percent of Americans having less than 50k and 16 of Americans having no retirement savings at all so if