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As the coronavirus has upended Maine’s economy, we want to understand how the pandemic and the related economic crisis affects seniors who are planning for retirement.
More than 100,000 Mainers have filed for unemployment during the crisis, but many have run into problems with the state’s system. Businesses in some parts of the state are reopening, but not necessarily with the ability to rehire all their workers. The stock market has plummeted, affecting 401(k)s and other savings funds. These economic problems pose unique challenges to seniors planning for retirement and those who are retired.
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