Schroders, a global asset management firm, partnered with 8 Acre Perspective to identify retirement trends and challenges among American workers and retirees.
This survey of 1,000 U.S. consumers found:
- During COVID-19, fewer consumers are focused on financial planning and investing than on picking shows to stream.
- Fewer than one in five of those nearing or at retirement age feel very good and fully on track. The vast majority feel they could do more.
- A majority of consumers are working or plan to work in retirement. The top reasons are, 1) to stay busy, 2) because I enjoy working, and 3) to cover basic living expenses.
- Healthcare costs is the most cited concern about retirement. Many are also concerned about the potential of a major stock market decline.
The research has been cited in Bloomberg, FA Magazine, Forbes, ThinkAdvisor and many other news outlets.
