Affluent investors are confident they are prepared for retirement, but are less optimistic of how their children will fare in their post-work years, a John Hancock Financial survey found.
Fulfilling an American aspiration that each generation would be better than the previous one, 60 percent said they expected to have a more comfortable retirement than their parents, about a third said it would be the same and 9 percent expected it to be worse.
The data, culled from the fourth quarter 2013 John Hancock Investor Sentiment Survey, a quarterly poll of affluent investors, found more concern about the future of investors' children. One-third of investors said they thought their children would be worse off they would be, 40 percent about the same and 30 percent better.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
