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Down economy is killing investor optimism

The economy is making investors of all ages pessimistic, according to a new Wells Fargo/Gallup survey.

By Paula Aven Gladych | Updated on June 11, 2012

Investor optimism fell to +24, down from +40 in February because of the overall economy, according to a new Wells Fargo/Gallup Investor and Retirement Optimism Index. Retired respondents’ optimism dropped to +17, down from +38 in February and +61 a year ago.

The survey found that 33 percent of investors say low interest rates will cause them to delay retirement and 45 percent of working Americans and 34 percent of retirees fear that current low interest rates may cause them to outlive their money in retirement.

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