Insights from the Merrill Edge Report
Those with the most time to prepare for retirement are more likely to anticipate a financially rocky retirement.
Americans are prioritizing equally saving for the future and living comfortably today.
Non-retired Americans are looking toward their own savings and investments for financial help in their golden years.
Braun Research, Inc. conducted a nationally representative telephone survey on behalf of Merrill Edge. The survey was conducted from March 12, 2015 through March 24, 2015, and consisted of 1,000 mass affluent respondents throughout the U.S., defined as individuals with investable assets (value of all cash, savings, mutual funds, CDs, IRAs, stock, bonds and all other types of investments excluding primary home and other real estate investments). Respondents in the study were defined as aged 18 to 34 (Millennials) with investable assets between $50,000 to $250,000 or those aged 18 to 34 with investable assets of between $20,000 and under $50,000 with an annual income of at least $50,000; or aged 35-plus with investable assets between $50,000 to $250,000. We conducted an oversampling of 300 mass affluent individuals in the following markets: San Francisco, California; Los Angeles, California; Orange County, California; Dallas, Texas; the State of New Jersey; South Florida; Chicago, Illinois; and Phoenix, Arizona. Chicago and Phoenix were newly-surveyed this wave. The margin of error is ±3.0 percent for the national sample; about ±5.7 percent for the oversample markets, all reported at a 95 percent confidence level.