Tag: household income
The brief’s key findings are: A recent CRR analysis of a FINRA Investor Education Foundation survey found that financial satisfaction depends much more on meeting day-to-day, rather than distant, needs. This study explores whether households of all ages and income levels are also shortsighted. The results confirm that distant needs, like retirement saving, consistently take a back-seat…
The brief’s key findings are: Half of respondents to a 2009 CRR survey planned to respond to the downturn by working longer, saving more, or both. Their choice was influenced by different factors: “Work longer” was favored by those with large losses or a greater dependence on assets, less time to recover, and high anxiety…