Despite recent market fluctuations, Americans are optimistic about their retirement chances. (Photo: Shutterstock)
(Bloomberg) –Americans are looking forward to resting their bones. A University of Michigan index measuring whether they see a comfortable retirement — compared with five years ago — reached the highest level since December 2000 this month.
Despite recent market fluctuations, years of gains in equities have boosted the value of household retirement accounts: The S&P 500 Index has more than doubled since the survey's last high through Feb. 14, and more than quadrupled since its recession low in March 2009. Take a look at the chart below.
Chart 1: University of Michigan index on retirement optimism. (via Bloomberg)
READ MORE:
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
