Our client Global Atlantic recently released results from a study we conducted on the outlook of the next generation of retirees, defined as those without a traditional pension.
These are some of the biggest takeaways:
- Nearly nine in ten (87%) have recently experienced “sticker shock” when purchasing groceries, dining out, or traveling.
- This group is divided on their outlook for the economy in 2022: two in five (41%) are optimistic about the outlook of the economy this year, 40% are pessimistic, and 19% are neutral.
- Most (71%) are concerned that low interest rates on financial products will negatively affect their ability to grow their retirement assets.
- Over six in ten (61%) believe that low interest rates, combined with rising inflation, will make it harder to create a retirement income stream that will last their lifetimes.
Learn more by reading Global Atlantic’s full release on Business Wire.
The survey was conducted in January 2022, as an online quantitative study we conducted among 1,023 investors ages 55 to 70 with assets of $250k to $2 million and no pension. This sample represents a critical group in transition: a new generation that will retire without a pension. Global Atlantic estimates that there are about 7 million households (or 12 million people) in the U.S. who have between $250k and $2 million and do not have a pension.
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