Statistics from the Merrill Edge Report
of millennials expect to retire when they hit a financial milestone
Millennials' perspectives on their later years and how to get there hint at a possible redefining of retirement.
of Americans are most insecure about some aspect of their finances
Americans feel they could be more proactive about their retirement.
of retirees spent more money in retirement than they anticipated
Today's retirees are experiencing a different retirement than non-retirees are envisioning.
Braun Research, Inc. conducted a nationally representative telephone survey on behalf of Merrill Edge. The survey was conducted from February 12, 2016, through March 1, 2016, and consisted of 1,003 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; New Jersey; South Florida; Chicago; Atlanta; and Phoenix. The margin of error is ± 3.0% for the national sample and about ± 5.7%for the oversample markets, all reported at a 95% confidence level.