Schwab’s latest Real Life Retirement quarterly pulse survey found that investors remain uncertain about the economy. More than half (54%) expect another dip before the stock market settles. Despite uncertainty, 46% of respondents are focused on growing their retirement savings, compared to 29% who are focused on protecting.
Unsurprisingly, younger investors are the most focused on
growth. More than half of Americans ages 18 to 32 (58%) and 33 to 44 (54%)
consider multiplying retirement assets to be their top priority in preparing for
retirement. Across all age groups, men and women have slightly different
attitudes: More men than women (50% versus 43%) think it is most important to
boost their current retirement savings, and women are more likely than men (32%
versus 26%) to concentrate on protecting the savings they already
However, many investors might not be saving enough. One-fifth of
those surveyed are saving nothing at all for retirement. Nearly three in 10
investors agreed that they should contribute 10% of their income to retirement,
but 60% are allocating less.
Kelton Research surveyed U.S. adults between
January 26 and Febuary 1 via phone.