Potential Impacts of the COVID-19 Pandemic on the Income Security of Older Americans.

The article focuses on COVID-19 pandemic and related movement restrictions, social distancing orders, and increases in unemployment and business closures are likely to impact the income assets, and spending among many older Americans. It mentions older workers could take penalty-free withdrawals from retirement savings accounts, such as defined contribution (DC) plans and Individual Retirement Accounts (IRAs). It also mentions disabilities could apply for Social Security Disability Insurance.