Affluent investors are confident they are prepared for retirement, but are less optimistic of how their children will fare in their post-work years, a John Hancock Financial survey found.
Fulfilling an American aspiration that each generation would be better than the previous one, 60 percent said they expected to have a more comfortable retirement than their parents, about a third said it would be the same and 9 percent expected it to be worse.
The data, culled from the fourth quarter 2013 John Hancock Investor Sentiment Survey, a quarterly poll of affluent investors, found more concern about the future of investors' children. One-third of investors said they thought their children would be worse off they would be, 40 percent about the same and 30 percent better.
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