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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 ...
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.
U.S. Investor Optimism Index Highest in Seven Years
American investors' optimism is at its highest point in seven years, according to the latest Wells Fargo/Gallup Investor and Retirement Optimism Index survey. Increased optimism among nonretired investors is fueling the growth.
Expected Retirement Age in U.S. Up to 67
Nonretired Americans expect to retire at age 67, on average, up from an expected retirement age of 60 in the mid-1990s. A new low of 38% of nonretirees expect to have enough money to live comfortably in retirement.
Investor Optimism Keeps Improving, Highest Since 2000
Investor optimism is up for the fourth consecutive quarter, bringing the index to its highest level since 2000. Investor optimism on the economy is accelerating faster than optimism about personal finances.
Social Impact Funds Still an Unknown to Most U.S. Investors
Most U.S. investors know little, if anything, about the concept of "social impact investing," but a third are at least somewhat interested in investing in these funds.
Americans See Healthcare, Low Wages as Top Financial Problems
Healthcare costs and lack of money are the top problems facing U.S. families, while interest rates and controlling spending rank low. Retirement savings ranks highest among high earners; lack of money leads among the lowest earners.
More Nonretirees Expect to Rely on Social Security
Fifty-seven percent of U.S. retirees say Social Security is a major source of their retirement income, while 33% of nonretirees expect the same to be true for them when they retire -- up from 27% in 2007, before the financial crisis.
Majority of U.S. Investors Anticipate Interest Rate Hike
Before the Federal Reserve recently indicated it may start raising interest rates, most U.S. investors already thought rates would go up. Some say higher interest rates might cause them to replace stocks with safer investments.
Interest in Sustainable Investing Withstands Market Disruption
Recent Wells Fargo/Gallup surveys suggest the sharp market downturn in March did little to dampen U.S. investors' interest in sustainable investing.