Merrill Edge® Report

Merrill Edge Report: Fall 2015
Our nationwide survey, delivered semi-annually, takes an in-depth look
at the financial concerns and priorities of mass affluent Americans—U.S.
households with investable assets ranging from $50,000 to $250,000.
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Insights from the Merrill Edge Report

42% say the economy most impacts spending habits


With the stronger economy influencing their spending habits, Americans are justifying a wide variety of significant expenses and are taking on debt.
50% of non-retirees are saving to improve their standard of living in retirement

in retirement

Americans expect their retirement will be a time to improve upon their current lifestyle and relish their independence.
67% of Americans are looking to spend less in 2016

for tomorrow

The majority of respondents believe they will be saving and investing more throughout the year and spending less.
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Braun Research, Inc. conducted a nationally-representative telephone survey on behalf of Merrill Edge. The survey was conducted from September 8, 2015, through September 20, 2015, and consisted of 1,001 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 who have 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 affluents in the following markets: San Francisco; Los Angeles; Orange County, California; Dallas; the State of New Jersey; South Florida; Chicago; and Phoenix. The markets of 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.
Year-over-year, we see financial regrets surrounding extraneous spending, particularly with the youngest generations, and it may be impacting the ability to pursue long-term financial goals. The good news is we're seeing increased optimism heading into 2016 with a central focus on saving and investing, including a decrease in overall spending and a high reluctance to borrow from retirement funds."
Aron Levine,
Head of Merrill Edge
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Reporters may contact:
Kristen Georgian
Bank of America
617.434.0234 | Email

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