Each quarter I run a survey of investor attitudes, allocations and economic expectations to get a sense of actual “investor” behavior. In the financial markets it is easy to become“detached” from reality and assume that “everyone” is acting in a similar manner. The survey shows that this is far from being the case. What was not surprising was the makeup of survey participants.
I have often stated that the average investor has about 15 years to save for retirement.
This is due to ability much more than desire. During the younger years
of life there is little ability to save as wage scales tend to be lower
as marriage, family and debt consume most of their income. As shown by
the survey the majority of individuals are between the ages of 46-65.
Furthermore, as would be expected, the majority of investors surveyed
also have higher levels of education which tends to lead to higher
incomes later in life.
Of course, when it comes to “saving for retirement“ the
most important question is whether an individual is saving enough? The
survey shows that roughly half of those surveyed “think” they are saving
enough for retirement with on 15% feeling as though they have more than
enough.
No comments:
Post a Comment