A new survey by Natixis Global Asset Management found that even affluent people aren't sure how much they need to save for retirement, lack money for investing and prefer to spend now rather than save for tomorrow.
Twenty-seven percent of Americans aren't sure how much to save or invest for their future needs, including 30 percent of investors with $300,000 to $500,000 of assets. Twenty-two percent of those have more than $1 million in assets and 19 percent of them are over age 50.
Of the 463 investors surveyed, 32 percent of respondents with less than $1 million in investable assets, said they don't have enough money to set aside savings. Sixteen percent of those with more than $1 million in assets and 19 percent of those over age 50 said the same.
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