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Schroders US Retirement Survey

Schroders US Retirement Survey Results - 2021 

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:

Higher DC Contribution Rates? The Unexpected Benefit of ESG Options in DC Plans

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: 

  • 69% of plan participants said they would or might increase their overall contribution rate if offered ESG options. Only 31% said they would not.
  • 37% of plan participants said they are offered ESG-related investment options by their employer, while 40% said they did not know.
  • 9 out of 10 said they invested in ESG options when they were aware of their availability in their DC plan.

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.

Deb Boyden
Head of US Defined Contribution

Other findings among plan participants include:

  • During the COVID-19 crisis in 2020, 33% of plan participants said they increased their DC plan contribution rate, while 10% said they decreased it; 57% left their contribution rate unchanged.
  • Almost three-in-four (74%) plan participants said the COVID-19 crisis will have no impact on when they plan to retire; while 17% said they plan to retire earlier and 9% said they plan to retire later.
  • Plan participants said their retirement age goal was 63 on average compared to 65 among those without a plan.
  • Asked how confident they were in their ability to smartly invest their assets in retirement, 42% of plan participants said they were “very confident” compared to 18% without a DC plan.
  • Plan participants were in growth mode: 50% said “grow my assets” was their primary investment objective compared to 21% without a DC plan who were far more likely (56%) to say their objective was “generate steady income.”

About the survey:

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).

View the Survey report

View the press release

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