In many ways, 2021 felt an awful lot like 2020. The pandemic continued to devastate families, test health services, challenge communities and wreak havoc on economies, even as vaccines became broadly available in the U.S. Political tensions led to a day of rioting at the U.S. Capitol. Labor shortages and supply chain disruptions contributed to rising inflation, reported at 6.2 percent before seasonal adjustment in October.1
Those who had hoped for a quick bounce back were disappointed, but there were beneficial outcomes to consider. Tech advances allowing for remote work led many people to re-evaluate their priorities and make adjustments. The uncertainties of the pandemic created an environment that encouraged Americans to reflect on their values, reconsider their retirement readiness and take new steps.
These are some of our key takeaways affecting financial advisors and clients during 2021.Read More