Schroders surveyed 1,000 respondents to explore the state of retirement readiness and planning, whether saving and investing are a focus during the COVID-19 crisis, retirement asset allocations, and retiree sentiment on living in retirement. Please find the results of our proprietary study on US retirement trends below:
The 2021 Schroders US Retirement Survey sought to understand how offering sustainable investment options in defined contribution plans might change plan participant behaviors. Key findings of the survey include:
The findings revealed a significant appetite among plan participants for ESG-related options, when they are aware such options exist,” said Deb Boyden, Head of US Defined Contribution.
“The appetite was so strong that participants indicated they would or might increase their overall contribution rate to their DC plan if ESG options were available. As we all know, the more you save and invest, the more you’ll have in retirement. This is a very positive finding for plan sponsors who want to offer a DC plan that makes a difference by encouraging higher participant contribution rates and satisfying their purpose-focused investment objectives.
The Schroders U.S. Retirement survey was conducted by 8 Acre Perspective nationwide among 1,000 U.S. consumers ages 45 –75 from January 20— 27, 2021. Respondents were fairly evenly split by age and gender; age: 45-59 (367), 60-69 (348), and 70+ (285); male (501), female (499).
Schroders is a world-class asset manager operating from 37 locations across Europe, the Americas, Asia and the Middle East.