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:
We believe it’s important that our efforts to create defined contribution accumulation and income solutions be informed by investors’ changing behaviors and expectations when it comes to retirement. Part one of this year’s survey gives us valuable insight into whether investors are sufficiently planning for their retirement, how they are investing, and their overall retirement readiness.
During the COVID-19 crisis, people said saving for their future remains a top priority, even if it’s harder to save. The long-term benefits of saving, especially if you start early and are able to take advantage of a defined contribution plan offered by your employer, cannot be over-stated. It’s equally important to maximize your investments with a diversified allocation to achieve sufficient asset accumulation as those assets will be necessary to create long-term retirement income.
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.