Despiterecent market fluctuations, Americans are optimistic about theirretirement chances. (Photo: Shutterstock)
(Bloomberg) –Americans are looking forward to resting theirbones. A University of Michigan index measuring whetherthey 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 equitieshave boosted the value of household retirement accounts: TheS&P 500 Index has more than doubled since the survey's lasthigh through Feb. 14, and more than quadrupled since its recessionlow in March 2009. Take a look at the chart below.
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Chart 1: University ofMichigan index on retirement optimism. (via Bloomberg)
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|Copyright 2019 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.
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