Retirement weighs heavily on most Americans when the main issue is whether or not they have saved enough for it. A recent survey by Bankrate.com found 76% of Americans have financial regrets. Besides retirement savings, there also are regrets tied to other savings and debt. The survey did find some good news about getting older: Silent Generation respondents and older baby boomers (ages 65 to 73) were less likely than younger respondents to have financial regrets. The study was conducted by SSRS via its Omnibus survey platform on which 1000 interviews were conducted from April 30 to May 5. "Saving money may seem impossible at times but taking a few proactive steps can safeguard you from potential hardship in the future," said Bankrate chief financial analyst Greg McBride in a statement. He suggests that Americans need to pay themselves first through automatic deposits from paychecks that go into savings accounts or employer-sponsored retirement plans. See the above slideshow for results from the Bankrate.com survey, and which generations have the most financial regrets. From: ThinkAdvisor
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ginger Szala
Ginger Szala is executive managing editor of Investment Advisor magazine. She covered the financial business and alternatives industry for 30 years while editor of Futures Magazine Group. MSJ Northwestern, BA University of Wisconsin-Madison. She is based in Chicago. Go Blackhawks!
