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More than two-thirds (69%) of retirees say the recession has had little effect on them, and only 26% say, “I think I will have significantly less money for retirement because of the recession.” The concept of leaving an inheritance is not something most (58%) are particularly concerned about. Only three in 10 (30%) say leaving an inheritance is very important. The top emotions about retirement are positive, with nearly half of future retirees (47%) feeling hopeful about retirement; 34% enthusiastic and only 25% apprehensive. Despite the optimism, a number of concerns remain in working individuals’ thoughts. Health care costs are the top concern for future retirees (42%), followed by running out of money (29%) and the economy (27%). Only 20% expressed concern about the stability of Social Security. The study was conducted online in July among a nationwide cross-section of 1,038 adults in the U.S. ages 35 to 70 with more than $100,000 in investable assets and at least $25,000 in liquid investable assets. One-quarter of the sample had $1 million or more in total investable assets. The study represents approximately 20% of American households. Jill Cornfield
More than two-thirds (69%) of retirees say the recession has had little effect on them, and only 26% say, “I think I will have significantly less money for retirement because of the recession.” The concept of leaving an inheritance is not something most (58%) are particularly concerned about. Only three in 10 (30%) say leaving an inheritance is very important.
The top emotions about retirement are positive, with nearly half of future retirees (47%) feeling hopeful about retirement; 34% enthusiastic and only 25% apprehensive. Despite the optimism, a number of concerns remain in working individuals’ thoughts. Health care costs are the top concern for future retirees (42%), followed by running out of money (29%) and the economy (27%). Only 20% expressed concern about the stability of Social Security.
The study was conducted online in July among a nationwide cross-section of 1,038 adults in the U.S. ages 35 to 70 with more than $100,000 in investable assets and at least $25,000 in liquid investable assets. One-quarter of the sample had $1 million or more in total investable assets. The study represents approximately 20% of American households.
Jill Cornfield
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