A majority of wealthy Americans said they’re concerned that they won’t have enough retirement income to last through their lifetimes, according to a Bank of America Corp. survey.
The survey said 53 percent are concerned about making sure retirement assets will last. Fifty-nine percent of retirees also said rising health-care costs are a concern. More than half of non-retired respondents made some adjustments to their lifestyles last year, such as spending less on personal luxuries or giving less to charities, and 29 percent said they expect to retire later than originally planned, the study said.
“Helping our clients plan for retirement will continue to be a core focus for our business in the years ahead,” Sallie Krawcheck, president of global wealth and investment management for the Charlotte, North Carolina-based bank, said in a statement today.
The results are from a December phone survey conducted by Princeton, New Jersey-based Braun Research, a marketing research firm, which contacted 1,000 Americans with investable assets of at least $250,000. |
