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U.S. Investors Say Low Interest Rates Better for Their Finances
U.S. investors say low interest rates (63%) are better than high interest rates (33%) when asked which would be better for their financial situation today, according to the Wells Fargo/Gallup Investor and Retirement Optimism Index.
Most U.S. Investors Say Area Housing Prices Are Rising
A large majority of U.S. investors say homeownership is an important means of building wealth -- and most believe that housing prices are rising. But most investors do not see higher home values as influencing their daily spending.
U.S. Investors Prefer Mix of Human, Digital Financial Advice
In the U.S., 65% of investors say they prefer a mixture of financial advice from a personal financial adviser and online or digital investing tools. Seven in 10 rate each of these as an important source of advice.
Many Baby Boomers Reluctant to Retire
True to their "live to work" reputation, many baby boomers plan to work past traditional retirement age. While the average retirement age in the U.S. is 61, nearly half of baby boomers don't plan to retire until they are 66 or older.
Investors See Taxes as Biggest Drag on Investment Climate
Nearly half of U.S. investors in mid-August said the current level of taxes is hurting the investment climate a lot, making it the most negatively rated of nine economic factors. Unemployment and cyberattacks rank a close second.
Investors More Anxious Than Hopeful About Interest Rates
More U.S. investors say higher interest rates would harm their financial position (43%) rather than help it (24%). While nonretired investors see higher interest rates as harmful, retired investors see them as helpful.
Since End of U.S. Recession, More Seniors in Workforce
As the U.S. continues to recover from the 2008-2009 recession, more Americans aged 65 and older -- and fewer 18- to 29-year-olds -- are in the workforce now than were in it in 2010.
Many Retirees Say Low Rates Are Harmful
As central banks around the world pour liquidity into the global markets, many financial market observers worry about the potentially distortive effects of historically low U.S. interest rates. They are not alone, as half of retired investors in ...
Despite U.S. Economic Success, Financial Anxiety Remains
With the U.S. economy less concerning to Americans under Trump, anxiety about pocketbook issues could be a bigger factor than usual in their vote.
Retired Americans Must Reinvent Themselves to Get a Job
While everyone knows jobs are hard to get, Americans who want to work during retirement sometimes seem forgotten. This is important not only because many baby boomers need to continue working in retirement if they want to retire comfortably, but ...