Americans with between $50,000 and $250,000 in investable assets are most concerned with paying for their children's college educations, and some are questioning the value of a college education, according to a new study by Bank of America's Merrill Edge Report.
Many of these individuals continue to push back their retirement because they are concerned about the rising costs of health care and funding their retirement. They are, however, taking more control over their finances by communicating with their spouses and seeking expert counsel.
The semi-annual study, conducted by Bank of America through research partners Ketchum Global Research & Analytics and Braun Research, involved a telephone survey of more than 1,000 Americans considered mass affluent because of their investable assets.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
