Many investors cite need for financial education

The economic fallout from the pandemic in 2020 caused some workers to evaluate their retirement plans. Some retired early, while many paused their plans. A new survey found that one third of adults do not think they know enough about retirement. Among respondents, 37% said they need more education about retirement planning and 52% said they need more education on how to invest in 2022. Overall, most adults (80%) consider themselves financially literate. Citing sources of financial education, 22% said parents and family, 18% noted social media and websites, and just 7% said they received education from an advisor.