Retirement savings statistics for mass affluent investors —
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Merrill Edge® survey finds funding retirement is even more frightening than public speaking
Running out of money in retirement trumps other common fears, such as public speaking and weight gain for Mass Affluent investors, according to Bank of America's latest Merrill Edge Report. Even though the fear of a financially unstable retirement looms large, many Americans are unwilling to cut spending on indulgences such as eating out to invest in their future. When it comes to covering child-related expenses, however, not only have parents already cut spending on themselves, but they have also sacrificed existing savings.

Americans fear going broke in retirement more than public speaking

Americans fear going broke in retirement more than public speaking

Parents cut back spending to cover child costs, but unwilling to do so for their own retirement

Parents cut back spending to cover child costs, but unwilling to do so for their own retirement

Humor more attractive than money skills

Humor more attractive than money skills

Millennials climbing a mountain of debt, boomers struggle with unexpected costs

Millennials climbing a mountain of debt, boomers struggle with unexpected costs

Americans have good, but short-sighted financial instincts

Americans have good, but short-sighted financial instincts
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