The Ariel Mutual Funds/Charles Schwab & Co., Inc. Black Investor Survey. Saving and Investing Among High Income African-American and White Americans

Save this PDF as:

Size: px
Start display at page:

Download "The Ariel Mutual Funds/Charles Schwab & Co., Inc. Black Investor Survey. Saving and Investing Among High Income African-American and White Americans"

Transcription

1 The Ariel Mutual Funds/Charles Schwab & Co., Inc. Black Investor Survey: Saving and Investing Among High Income African-American and Americans April,

2 Prepared for Ariel Mutual Funds and Charles Schwab & Co., Inc. For further information, contact Ariel Mutual Funds: ARIEL Charles Schwab & Co., Inc.:

3 TABLE OF CONTENTS Background and Objectives.. 5 Methodology Highlights of Previous and Current Studies Investing Habits o Investors vs. Non-Investors Over Last 2 Years 13 o Likelihood to Begin Investing..14 o Likelihood to Begin Investing Among Younger African-Americans.. 15 o Goal for Savings and Investing 16 o Goal for Savings and Investing Among Those Under 35 Years Old.. 17 o Life Event Most Impacting Investing Habits Family Financial Support o Financial Support of Parents o Financial Support of Adult Children o Funding of Children s Education. 22 o Amount Saved for Children s Education o Investments as a Gift 24 o Expectation of Inheritance o Leaving an Inheritance. 26 CONTINUED NEXT PAGE 2

4 TABLE OF CONTENTS (CONTINUED) Preparing for Retirement o Investments in Employer-Sponsored Retirement Programs o Retirement Account Savings o Monthly Retirement Account Contributions o Retirement Plans.. 31 o Sources of Retirement Income 32 o Most Important Source of Retirement Income Attitudes About Money, Wealth, and Investing o Financial Background. 35 o Attitudes About Investing o Contributors to Overall Wealth...38 o Attitudes About Making Money in America.. 39 o Attitudes About Making Money Among $100K+ Income Category. 40 o Attitudes About African-American Wealth Creation o Most Important Component of Success.. 42 o Best Use of Federal Budget Surplus o Attitudes About the Financial Services Industry 44 o Preference for African-American Financial Advisors 45 o Choice of Black-Owned or Managed Mutual Fund As Part of 401(k) Plan.. 46 o Responsibility For Teaching About Investing 47 o Perception of Best Investments Overall o Preference for Index Funds vs. Actively Managed Funds..49 o Key Attitudinal Differences Between Younger and Older African-Americans 50 CONTINUED NEXT PAGE 3

5 TABLE OF CONTENTS (CONTINUED) Savings and Spending Habits. 51 o o o o o o Investing as a Source of Current Income Paying Off Credit Cards.. 53 Annual Household Spending on Vacations. 54 Annual Household Charitable Contributions Borrowing Money From Employer-Sponsored Retirement Plan Borrowing Money From Whole Life Insurance.. 57 Study Participant Profile o Demographic Comparison o Demographic Profile o Financial Profile

6 BACKGROUND AND OBJECTIVES Ariel Mutual Funds and Charles Schwab & Co., Inc. commissioned Neuwirth Research Inc. to conduct primary research comparing and contrasting high income (household income of $50,000 or more) African-Americans and s in terms of their savings and investment attitudes and behaviors. This study builds upon similar studies conducted in January 1998 and January The main objective of this research is the following: To identify similarities and differences between high income African-Americans and s with regard to saving and investing. More specific objectives include: To build upon previous research and identify any changing attitudes or behaviors. To better understand how past influences and underlying beliefs may impact how African-Americans and s think about financial matters. To better understand the expectations and issues that African-Americans and s face in their financial futures. 5

7 METHODOLOGY 605 African-Americans and 607 s were interviewed by phone during late November and early December, All respondents were over the age of 18 and had a household income of at least $50,000. Additionally, all identified themselves as the primary or joint decision-maker in the household in terms of investment decisions. The sample, national in scope, was drawn via a random-digit dialing technique which ensured an equal probability of contacting individuals with unlisted as well as listed numbers within the target areas. These areas included census exchanges that have a median income of $40,000 or more, as well as census exchanges that have, in addition, a 25 or above African American population. The survey ran for an average of 23 minutes. The margin of error for African-Americans (605 respondents) is ±3.99. For s (607 respondents) the margin of error is ±

8 HIGHLIGHTS OF JANUARY 1998 STUDY The 1998 study revealed a number of interesting differences between the two groups surveyed, such as how, relative to s, African-Americans: Are underinvested in the stock market, due to several social and cultural reasons Prefer more conservative investment vehicles, including life insurance; also regard real estate as the best investment overall Have less wealth than s with similar incomes Are less likely to rank retirement as their #1 goal in terms of savings and investing Are less likely to trust financial advisors 7

9 HIGHLIGHTS OF JANUARY 1999 STUDY The 1999 study built on the previous year s findings to help identify why certain attitudes and behaviors are so divergent. The reasons for the differences were found to include: African-Americans were introduced to savings and investing tools later in life African-Americans are motivated to invest in more conservative investment vehicles because of the feeling of security those investments provide African-Americans feel that brokers greed may influence the advice they give African-Americans say a lack of knowledge prevents them from making investments Spending patterns, beyond paying for basic necessities, are different between s and African Americans At the same time, this study also uncovered heightened interest in investing among African-Americans relative to s: African-Americans are more likely to have participated in a number of activities that increase one s knowledge of investing African-Americans who do not yet invest are more likely to say they will begin investing in the next year Other areas explored included how women and men behave differently: Women are more likely than men to consider themselves beginner investors Women are relatively underinvested in comparison to men Women are more likely to own conservative investments than men 8

10 HIGHLIGHTS OF THIS YEAR S STUDY This year s study finds that African-American stock investing is on the rise. Today, 64 of African-Americans are stock investors, compared to 57 two years ago. Among s, the percentage who own stocks has held steady (81 in 1998 and 82 today). Family obligations, including children s education, are driving African-American savings. Among African-Americans, 32 expect to support adult children, compared to 20 of s; 45 of African-Americans expect to support aging parents, compared to 29 of s. African-Americans have considerably less saved for retirement than s ($44K vs. $69K), and fewer African-Americans (33 vs. 49) cite retirement as their most important reason for saving. Just 41 of Blacks said they would spend more time on leisure activities during retirement, vs. 56 of s. Children s education ranked as a somewhat higher reason for saving among African-Americans (22 vs. 16 of s). African-Americans are saving as much or even more for education than s: over $12,200. More African-Americans than s (39 to 33) cite education as the key to financial success. 9

11 HIGHLIGHTS OF THIS YEAR S STUDY (CONTINUED) African-Americans and s support diversity programs for the financial services industry. Eighty-one percent of African-Americans and 49 of s believe racism continues to be a major obstacle for African-American wealth creation. Seventy-five percent of African-Americans and 52 of s believe African- Americans are at a disadvantage because they are less likely to have a financial head-start. Overall, 75 of African-Americans and 61 of s agree that there are not enough African-American role models in the financial industry; 79 of African- Americans and 60 of s think that the industry should practice affirmative action to increase diversity. Younger African-Americans are less concerned with racism as an obstacle for wealth creation as compared to those over 50 years of age (75 vs. 87). 10

12 HIGHLIGHTS OF THIS YEAR S STUDY (CONTINUED) The survey also uncovered some interesting differences between African-Americans and s in terms of their money management, spending habits, and attitudes about wealthbuilding. By a 47 to 57 margin, African-Americans are less likely than s to describe someone who earns over $100K annually as affluent. On average, African-Americans annually spend more on vacations than s ($7,038 vs. $5,326). By a 65 to 53 margin, more African-Americans agree that This country would be better off if the wealthiest paid more taxes to help the poorest people. More African-Americans than s favor spending the federal budget surplus on domestic programs (45 vs. 30) and saving Social Security (25 vs. 20) instead of tax cuts (13 vs. 19). On average, African-Americans annually give less to charities ($1,917 vs. $2,352). 11

13 INVESTING HABITS 12

14 INVESTORS VS. NON-INVESTORS OVER LAST TWO YEARS Do you personally, or with a spouse, have any money invested in the stock market right now, either in individual stocks or in a stock mutual fund? ( answering yes) African-American 13

15 LIKELIHOOD TO BEGIN INVESTING Excluding 401(k) plans, how likely are you to begin investing in stocks or mutual funds during the next year? Base: Those who do not own individual stocks, or stock or bond mutual funds Not at all likely Not very likely Somewhat likely Very likely Don t know African-American

16 LIKELIHOOD TO BEGIN INVESTING AMONG YOUNGER AFRICAN-AMERICANS Excluding 401(k) plans, how likely are you to begin investing in stocks or mutual funds during the next year? Base: African-Americans who do not own individual stocks, or stock or bond mutual funds Not at all likely Not very likely Somewhat likely Very likely Don t know 4 1 Under or older 15

17 GOAL FOR SAVINGS AND INVESTING Of the following, which would you say is your most important goal in saving or investing money? Other/Not sure 3 To leave money to your children or heirs 14 To obtain a better lifestyle 13 To be prepared for an emergency or future need To send children to college 22 For retirement African-American 16

18 GOAL FOR SAVINGS AND INVESTING AMONG THOSE UNDER 35 YEARS OLD Of the following, which would you say is your most important goal in saving or investing money? Other/Not sure 3 2 To leave money to your 8 6 children or heirs To obtain a better lifestyle To be prepared for an emergency or future need To send children to college For retirement African-American <35 <35 17

19 LIFE EVENT MOST IMPACTING INVESTING HABITS Which one of the following life events would you say has most impacted your savings and investing habits? Inheriting money Not sure 6 5 Getting divorced 7 7 Retiring Getting married Getting or losing a job Having kids African-American 18

20 FAMILY FINANCIAL SUPPORT 19

21 FINANCIAL SUPPORT OF PARENTS If your parents are living, do you now, or do you expect in the future to support them financially? Base: Have living parents No do not expect to support Yes expect to support African-American 20

22 FINANCIAL SUPPORT OF ADULT CHILDREN Do you now, or do you expect in the future to support your children financially in their adult lives? Base: Have children No do not expect to support Yes expect to support African-American 21

23 FUNDING OF CHILDREN S EDUCATION In which of the following ways will your children s education be funded? Base: Have children under 18 living in the household You will pay 56 African- American 65 Your children will receive scholarships Your children will work or take out student loans Your children are unlikely to attend college

24 AMOUNT SAVED FOR CHILDREN S EDUCATION How much have you saved so far, in total, for your children s education? Base: Will pay for children s college education $20,000 or more $5,000 to under $20, $1 to under $5, Nothing African-American Mean amount $12,289 $12,239 23

25 INVESTMENTS AS A GIFT Have you ever given stocks, bonds, mutual funds or other investments as a gift? Yes have gifted investments No haven t gifted investments African-American 24

26 EXPECTATION OF INHERITANCE Do you expect to receive an inheritance in the future? Not sure No do not expect to receive inheritance Yes expect to receive inheritance African-American 25

27 LEAVING AN INHERITANCE Who do you expect to leave an inheritance to? Family African- American Spiritual or religious organization Other charities Friends School Do not expect to leave an inheritance Other/not sure

28 PREPARING FOR RETIREMENT 27

29 INVESTMENTS IN EMPLOYER-SPONSORED RETIREMENT PROGRAMS Do you or your spouse have money invested in employer-sponsored retirement programs, such as 401(k), 403(b), or Keough? No don t have employer-sponsored plan Yes have employersponsored plan African-American 28

30 RETIREMENT ACCOUNT SAVINGS How much money do you have in accounts specifically for retirement, such as 401(k)s or any other type of employer-sponsored retirement plan, such as Keoughs, 457s or 403(b)s? Base: Have investments in employer-sponsored retirement programs >$100,000 $50,000-99, $25,000-49, $5,000-24,999 <$5, African-American Mean amount $44,000 $69,000 29

31 MONTHLY RETIREMENT ACCOUNT CONTRIBUTIONS How much money are you investing per month in any sort of retirement account, including an employersponsored retirement plan? >$500 per month $ $ $ $ <$50 Nothing at this time African-American Mean monthly amount $163 $228 30

32 RETIREMENT PLANS What do you plan to do in your retirement? Base: Not retired Spend more time on leisure activities 41 African- American 56 Spend time with family Start a new business or new career Work part time Volunteer Don t plan to retire 7 10 None of the above/not sure

33 SOURCES OF RETIREMENT INCOME Which of the following sources of money do you expect to rely on in retirement? Base: Not retired African- American An employer-sponsored plan, such as a 401(k) A personal retirement plan, such as an IRA Other personal savings or investments Social Security Income from real estate investments Benefits from a life insurance policy Income from part-time employment The sale of your home An inheritance or trust Support from children or other family members Other Not sure/none

34 MOST IMPORTANT SOURCE OF RETIREMENT INCOME Which of the following sources you just mentioned do you expect to be your most important source of money in retirement? Base: Not retired African- American An employer-sponsored plan, such as a 401(k) A personal retirement plan, such as an IRA Other personal savings or investments Social Security Income from real estate investments An inheritance or trust Income from part-time employment Benefits from a life insurance policy The sale of your home Support from children or other family members Other Not sure/none

35 ATTITUDES ABOUT MONEY, WEALTH AND INVESTING 34

36 FINANCIAL BACKGROUND Percentage agreeing with following statements Your family had to work hard to make ends meet financially when you were growing up African- American Financial matters were not openly discussed in your home when you were growing up You received a regular allowance as a child Your family was very secure, financially, when you were growing up Your parents frequently argued about financial matters when you were growing up Your family has invested in stocks and bonds for as long as you can remember

37 ATTITUDES ABOUT INVESTING Percentage agreeing with following statements African- American You are optimistic about your financial future You know more about investing and managing your finances than your parents You prefer to consult with a financial advisor when investing You feel that your personal financial situation is well under control You have a close friend or relative who has done very well in the stock market over the last few years It seems that the stock market is too complicated for the average person to understand

38 ATTITUDES ABOUT INVESTING (CONTINUED) Percentage agreeing with following statements Stockbrokers and financial advisors are more interested in making money for themselves than giving you good advice African- American Over the last several years, you have personally benefited from the strong stock market Investing in the stock market is exciting and fun You have savings and investments that you keep separate from your spouse You would rather increase your wealth by working harder than by investing in the stock market You think the stock market is due for a major drop You just don t trust the stock market with your money

39 CONTRIBUTORS TO OVERALL WEALTH Which of the following sources do you believe will be the biggest contributor to your overall wealth and that of your family? Personal savings and investments African- American Employer-sponsored retirement plan Employment income Life insurance policy 3 11 Stock options from employer 6 5 Inheritance or trust fund 4 4 Other/not sure

40 ATTITUDES ABOUT MAKING MONEY IN AMERICA Percentage agreeing with following statements African- American The best opportunities go to people who have a financial head start This country would be better off if the wealthiest people paid more taxes to help the poorest people Corporate America has more impact on your life than government If you make over $100,000 a year, you are affluent Only wealthy people can afford to invest in the stock market

41 ATTITUDES ABOUT MAKING MONEY IN AMERICA AMONG $100,000+ INCOME CATEGORY Percentage agreeing with following statements $100K+ African- American 100K+ The best opportunities go to people who have a financial head start This country would be better off if the wealthiest people paid more taxes to help the poorest people Corporate America has more impact on your life than government If you make over $100,000 a year, you are affluent Only wealthy people can afford to invest in the stock market

42 ATTITUDES ABOUT AFRICAN-AMERICAN WEALTH CREATION Percentage agreeing with following statements African- American Racism continues to be a major obstacle for African-American wealth creation The government is not doing enough to stimulate economic growth in African-American neighborhoods There are not enough African- American role models in the financial community African-Americans are at at disadvantage, because they are less likely than s to have a financial head start As a whole, African-Americans don t receive as good an education as Americans

43 MOST IMPORTANT COMPONENT OF SUCCESS Which one of the following items do you believe is the most important component of financial success? Other/not sure Luck Wealthy parents 7 Connections Intelligence 14 Hard work Education African-American 42

44 BEST USE OF FEDERAL BUDGET SURPLUSES Over the next 10 years, the federal government is projected to have budgetary surpluses of $1 trillion. In your opinion, which one of the following options would be the government s best use of these budget surpluses? Not sure Paying off the national debt Lowering taxes Preserving Social Security Addressing domestic issues like housing, crime, health care, and education African-American 43

45 ATTITUDES ABOUT THE FINANCIAL SERVICES INDUSTRY Percentage agreeing with following statements The financial services industry should do more to educate consumers about investing 81 African- American 90 The financial services industry should practice affirmative action to increase diversity Overall, financial services firms treat people like you with respect The financial services industry has done a great deal to increase the affluence of the general population in this country

46 PREFERENCE FOR AFRICAN-AMERICAN FINANCIAL ADVISORS Would you prefer to work with an African-American financial advisor? Base: African-American respondents Not sure Doesn t matter 34 No wouldn t prefer African-American advisor 14 Yes would prefer African-American advisor 49 African-American 45

47 CHOICE OF BLACK-OWNED OR MANAGED MUTUAL FUND AS PART OF 401(K) PLAN Would you prefer to have a choice of investing in a black-owned or managed mutual fund as part of your 401(k) or other employer-sponsored retirement plan? Base: Have investments in employer-sponsored retirement programs Not sure No it doesn t make a difference Yes would prefer choice African-American 46

48 RESPONSIBILITY FOR TEACHING ABOUT INVESTING Who do you think should be responsible for teaching people about saving and investing? African- American Parents Schools Financial services companies Employers The government

49 PERCEPTIONS OF BEST INVESTMENTS OVERALL Which of the following do you think is the best investment overall? Not sure 5 7 Individual bonds Whole life insurance Individual stocks Mutual funds Real estate African-American 48

50 PREFERENCE FOR INDEX FUNDS VS. ACTIVELY MANAGED FUNDS Do you prefer actively managed funds, where a portfolio manager makes buy and sell decisions on the fund holdings, OR index funds, where the fund simply tracks a general stock market index such as the S&P 500? Not sure Prefer index funds Prefer actively managed funds African-American 49

51 KEY ATTITUDINAL DIFFERENCES BETWEEN YOUNGER AND OLDER AFRICAN-AMERICANS Percentage of African-Americans agreeing with following statements Racism continues to be a major obstacle for African-American wealth creation 75 Under or older 87 The financial services industry should practice affirmative action to increase diversity You received a regular allowance as a child Your family was very secure, financially, when you were growing up Your family has invested in stocks and bonds for as long as you can remember

52 SAVINGS AND SPENDING HABITS 51

53 INVESTING AS A SOURCE OF CURRENT INCOME Do you use any of your investments as income to support your current lifestyle? Yes do use as income No don t use as income African-American 52

54 PAYING OFF CREDIT CARDS Do you generally pay off your entire credit card balance every month? No do not pay off monthly Yes pay off monthly African-American 53

55 ANNUAL HOUSEHOLD SPENDING ON VACATIONS Approximately how much does your household spend on vacations each year? $10,000 or more $5,000 to under $10, $3,000 to under $5,000 $2,000 to under $3,000 $1,000 to under $2,000 $1 to under $1,000 Nothing African-American Mean amount $7,038 $5,326 54

56 ANNUAL HOUSEHOLD CHARITABLE CONTRIBUTIONS Approximately how much does your household spend per year contributing to charitable causes? $5,000 or more $1,000 to under $5, $200 to under $1,000 $1 to under $200 Nothing African-American Mean amount $1,917 $2,352 55

57 BORROWING MONEY FROM EMPLOYER- SPONSORED RETIREMENT PLAN Have you ever borrowed money from your employer-sponsored retirement plan? Base: Have investments in employer-sponsored retirement programs No have not borrowed money Yes have borrowed money African-American 56

58 BORROWING MONEY FROM WHOLE LIFE INSURANCE Have you ever borrowed money from your whole life insurance policy? Base: Currently own whole life insurance No have not borrowed money Yes have borrowed money African-American 57

59 STUDY PARTICIPANT PROFILE 58

60 DEMOGRAPHIC COMPARISON Some demographic differences between African-Americans and s may help explain certain attitudinal and behavioral differences in the overall study data. These differences include: Age: African-Americans in the study are slightly younger than s in the study (40 is the mean age for African Americans, while 43 is the mean age for s.) Income: African-Americans in the study have somewhat lower average annual household incomes than whites in the study ($98,000 vs. $107,000.) Employment: Of the study respondents who are employed (90 of African- Americans and 84 of s), more African-Americans work for the state or federal government (32 vs. 18) Geography: A greater proportion of s in the study live in the West (21 vs. 6) and North Central (28 vs. 18) regions of the country, while more African- Americans live in the South (52 vs. 28). African-Americans and s living in the Northeast comprised virtually the same proportion of study respondents (24 and 23, respectively.) 59

61 DEMOGRAPHIC PROFILE GENDER Male Female AGE Mean Median African- American African- American EDUCATION Some HS or less HS graduate Some college College graduate Postgraduate study $50,000-74,999 $75,000-99,999 $100, ,000 Over $250,0000 Mean Median African- American HOUSEHOLD INCOME African- American $98K $73K $107K $82K EMPLOYMENT STATUS Employed full time Self-employed Retired Employed part-time Unemployed Homemaker Full-time student TYPE OF EMPLOYER (of those employed) Private co. State/fed. gov t Not-for-profit African- American African- American

62 DEMOGRAPHIC PROFILE (CONTINUED) MARITAL STATUS HAVE CHILDREN Single/never married Not married/living together Married Divorced/separated Widowed NON-SPOUSE ADULTS IN HOME Other adults present No other adults present INTERNET ACCESS African- American African- American Yes No None African- American African- American # OF MINOR CHILDREN IN HOUSEHOLD (of those who have children) No Yes - both home and work Yes at work Yes at home African- American Mean Median

63 FINANCIAL PROFILE VALUE OF SAVINGS AND INVESTMENTS (ex. real estate) >$1,000,000 $500,00-$999,999 $250,000-$499,999 $100,000-$249,999 $50,000-$99,999 $25,000-$49,999 $5,000-$24,999 <$5,000 Mean African- American $157K $273K MONTHLY SAVINGS/INVESTMENTS >$2.500 $1,001-$2,500 $501-$1,000 $351-$500 $201-$350 $101-$200 $51-$100 <$50 Nothing at this time Mean African- American $ $578 MARKET VALUE OF REAL ESTATE HOLDINGS >$300,000 $200K-$300K $100K to $200K $20K-$100K Under $20K Mean HAVE PERSONAL BROKER/ FINANCIAL ADVISOR Yes No African- American African- American $267K HAVE A SECOND JOB/ DO MOONLIGHTING Yes No African- American $284K 62

The Ariel/Schwab Black Investor Survey:

The Ariel/Schwab Black Investor Survey: The Ariel/Schwab Black Investor Survey: Saving and Investing Among Higher Income and Americans Ariel Investments, LLC and The Charles Schwab Corporation are non-affiliated entities, but co-sponsor the

More information

Saving and Investing Among Higher Income African-American and White Americans

Saving and Investing Among Higher Income African-American and White Americans The Ariel Investments 2010 Black Investor Survey: Saving and Investing Among Higher Income African-American and Americans July 21, 2010 1 For further information, contact Merrillyn J. Kosier at Ariel Investments

More information

401(k) PARTICIPANTS AWARENESS AND UNDERSTANDING OF FEES

401(k) PARTICIPANTS AWARENESS AND UNDERSTANDING OF FEES 401(k) PARTICIPANTS AWARENESS AND UNDERSTANDING OF FEES February 2011 401(k) PARTICIPANTS AWARENESS AND UNDERSTANDING OF FEES February 2011 Copyright 2011 AARP Research & Strategic Analysis 601 E Street,

More information

The View from San Francisco Bay Area:

The View from San Francisco Bay Area: The View from San Francisco Bay Area: 1,000 residents share their perspectives on managing wealth and the local economy March 2016 Methodology What An online study among a sample of the general public

More information

16 th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness

16 th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness August 0 TCRS 0--0 Transamerica Institute, 0 Welcome to the th Annual Transamerica Retirement Survey

More information

Fidelity Charitable Gift Fund Volunteerism and Charitable Giving in 2009 Executive Summary

Fidelity Charitable Gift Fund Volunteerism and Charitable Giving in 2009 Executive Summary Fidelity Charitable Gift Fund Volunteerism and Charitable Giving in 2009 Executive Summary Introduction To explore volunteer behavior in the United States, the Fidelity Charitable Gift Fund fielded a telephone

More information

Profile of Households Saving for College

Profile of Households Saving for College Investment Company Institute Research Series Profile of Households Saving for College INVESTMENT COMPANY INSTITUTE Investment Company Institute Research Series Profile of Households Saving for College

More information

THE AFRICAN AMERICAN FINANCIAL EXPERIENCE

THE AFRICAN AMERICAN FINANCIAL EXPERIENCE THE AFRICAN AMERICAN FINANCIAL EXPERIENCE 2011 Prudential Research Study A report prepared by Prudential Research INTRODUCTION African Americans are an important, powerful, and integral part of the American

More information

The following questions pertain to consumer views about money and investing.

The following questions pertain to consumer views about money and investing. Millennial and Baby Boomer Investors Survey: Data Report Securian Financial Group June 2016 The following questions pertain to consumer views about money and investing. 1. Do you have investments outside

More information

7TH ANNUAL PARENTS, KIDS & MONEY SURVEY: SUPPLEMENTAL DATA

7TH ANNUAL PARENTS, KIDS & MONEY SURVEY: SUPPLEMENTAL DATA Detailed Results 7TH ANNUAL PARENTS, KIDS & MONEY SURVEY: SUPPLEMENTAL DATA T. Rowe Price November 2015 Contents Holiday Spending Habits Holiday Spending Data Cuts By Parent Gender By Saver vs. Spender

More information

College Savings Foundation 2008 Survey of Parents. Survey of Parents Finds Financial Education Pays. Executive Summary:

College Savings Foundation 2008 Survey of Parents. Survey of Parents Finds Financial Education Pays. Executive Summary: College Savings Foundation 28 Survey of Parents The State of College Savings Survey of Parents Finds Financial Education Pays Knowing How Much to Save Closes Financial Education Gap Executive Summary:

More information

Consumer Demand for Value-added Subscription Services. February 2016

Consumer Demand for Value-added Subscription Services. February 2016 Consumer Demand for Value-added Subscription Services February 2016 X Table of Contents About the Survey 1 Executive Summary 1 Current Attitudes and Behaviors 3 Hypotheticals 9 Subscription Cancellations

More information

Retirement Plans 401(k) s Cash Receivables Businesses Real Estate Investment Accounts. 8 Risks You Must Overcome

Retirement Plans 401(k) s Cash Receivables Businesses Real Estate Investment Accounts. 8 Risks You Must Overcome The Financial Survey A Professional Process to Overcome the Risks to Financial Success Retirement Plans 401(k) s Cash Receivables Businesses Real Estate Investment Accounts External Risk Inflation Higher

More information

Fidelity Charitable Gift Fund Gender Differences in Charitable Giving 2009 Executive Summary

Fidelity Charitable Gift Fund Gender Differences in Charitable Giving 2009 Executive Summary Fidelity Charitable Gift Fund Gender Differences in Charitable Giving 2009 Executive Summary Introduction To explore gender differences in charitable giving, the Fidelity Charitable Gift Fund fielded an

More information

FINANCIAL EXPERIENCE & BEHAVIORS AMONG WOMEN

FINANCIAL EXPERIENCE & BEHAVIORS AMONG WOMEN FINANCIAL EXPERIENCE & BEHAVIORS AMONG WOMEN 2012-2013 Prudential Research Study FINANCIAL EXPERIENCE & BEHAVIORS AMONG WOMEN 1 FOREWORD Many of the fundamental changes in the lives and experiences of

More information

In Preparation for Our First Meeting. In our first visit with you there are two objectives. Overview Questionnaire

In Preparation for Our First Meeting. In our first visit with you there are two objectives. Overview Questionnaire In our first visit with you there are two objectives 1. You need to learn about us so you can decide if we are the right financial advisor for you. We want to make sure that you understand what we do,

More information

plain talk about life insurance The right life insurance can have an enormous effect on your life and the lives of those you love.

plain talk about life insurance The right life insurance can have an enormous effect on your life and the lives of those you love. plain talk about life insurance The right life insurance can have an enormous effect on your life and the lives of those you love. Thinking about life insurance? You re not alone. Canadians generally agree

More information

On average, young retirees are not

On average, young retirees are not How Financially Secure Are Young Retirees and Older Workers? FIGURE 1 Financial Status of People Age 51 to 59, by Work Status THOUSS OF DOLLARS 14 1 8 6 $82 RETIREES WORKERS $99 4 $41 $24 MEDIAN MEDIAN

More information

2/3 81% 67% Millennials and money. Key insights. Millennials are optimistic despite a challenging start to adulthood

2/3 81% 67% Millennials and money. Key insights. Millennials are optimistic despite a challenging start to adulthood 2/3 Proportion of Millennials who believe they will achieve a greater standard of living than their parents 81% Percentage of Millennials who believe they need to pay off their debts before they can begin

More information

LIFE INSURANCE STRATEGY GUIDE

LIFE INSURANCE STRATEGY GUIDE LIFE INSURANCE 101 STRATEGY GUIDE : STRATEGY GUIDE TABLE OF CONTENTS Why You May Need Life Insurance... 5 Shopping for Life Insurance... 5 How Much Life Insurance to Obtain... 6 Calculating Total Funds

More information

Patient Responsibility in Health Care: An AARP Bulletin Survey

Patient Responsibility in Health Care: An AARP Bulletin Survey Patient Responsibility in Health Care: An AARP Bulletin Survey May 2011 Patient Responsibility in Health Care: An AARP Bulletin Survey Data Collected by SSRS Report Prepared by Teresa A. Keenan, Ph.D.

More information

BY Aaron Smith NUMBERS, FACTS AND TRENDS SHAPING THE WORLD FOR RELEASE MARCH 10, 2016 FOR MEDIA OR OTHER INQUIRIES:

BY Aaron Smith NUMBERS, FACTS AND TRENDS SHAPING THE WORLD FOR RELEASE MARCH 10, 2016 FOR MEDIA OR OTHER INQUIRIES: NUMBERS, FACTS AND TRENDS SHAPING THE WORLD FOR RELEASE MARCH 10, 2016 BY Aaron Smith FOR MEDIA OR OTHER INQUIRIES: Aaron Smith, Associate Director, Research Dana Page, Senior Communications Manager 202.419.4372

More information

INVESTING IN YOURSELF

INVESTING IN YOURSELF Investment Planning INVESTING IN YOURSELF Women are different from men. So are your financial planning needs. 2 INVESTING IN YOURSELF WOMEN & MONEY There are many reasons why you might require a different

More information

Americans Attitudes Toward Life Insurance

Americans Attitudes Toward Life Insurance Americans Attitudes Toward Life Insurance Survey Findings (General U.S. Adult Population) May, 2008 Products and services offered through the ING family of companies Methodology Methodology Telephone survey

More information

Long-Term Care Insurance:

Long-Term Care Insurance: The Prudential Insurance Company of America 2011 Long-Term Care Insurance: A Piece of the Retirement & Estate Planning Puzzle IRA Pension 401(k) Annuities Long-Term Care Insurance Life Insurance Social

More information

SAMPLE EVALUATION INSTRUMENTS

SAMPLE EVALUATION INSTRUMENTS 1 SAMPLE EVALUATION INSTRUMENTS This section contains samples of evaluation instruments that can be generated for each evaluation option. Note that the type of the instrument generated depends on the evaluation

More information

U.S. Investors & The Fiduciary Standard. A National Opinion Survey September 15, 2010

U.S. Investors & The Fiduciary Standard. A National Opinion Survey September 15, 2010 U.S. Investors & The Fiduciary Standard A National Opinion Survey September 15, 2010 Methodology The ORC/Infogroup survey was conducted August 19-23, 2010 among a sample of 2,012 adults comprising 1,007

More information

Bargain Hunting for Bonds: How Investors Shop. July 2013

Bargain Hunting for Bonds: How Investors Shop. July 2013 Bargain Hunting for Bonds: How Investors Shop July 2013 Table of Contents Methodology 2 Detailed Findings 3 Demographics 12 Disclosures 16 1 Methodology What This online study was conducted for by Koski

More information

Name (Partner A): Name (Partner B): Address: Phone number:

Name (Partner A): Name (Partner B): Address: Phone number: Suze Orman - The Ultimate Protection Portfolio What Your Financial Advisor Must Ask You or You Must Ask if the Advisor is You 2003 Suze Orman Revocable Trust Name (Partner A): Name (Partner B): Address:

More information

Fiduciary Duty and Investment Advice: Attitudes of 401(k) and 403(b) Participants. Report Prepared by S. Kathi Brown

Fiduciary Duty and Investment Advice: Attitudes of 401(k) and 403(b) Participants. Report Prepared by S. Kathi Brown Fiduciary Duty and Investment Advice: Attitudes of 401(k) and 403(b) Participants Report Prepared by S. Kathi Brown September 2013 Fiduciary Duty and Investment Advice: Attitudes of 401(k) and 403(b) Participants

More information

Fall 2012 ABOUT THE MERRILL EDGE REPORT

Fall 2012 ABOUT THE MERRILL EDGE REPORT Fall 2012 Merrill Edge Report Table of Contents Introduction.. 1 Cost of College... 2 Paying for College. 3 Long-term Concerns.. 4 Pushing Back Retirement... 4 Saving for Retirement... 5 Communication

More information

Assessing the Landscape Female Investors and Financial Advice

Assessing the Landscape Female Investors and Financial Advice Assessing the Landscape Female and Financial Advice Quantitative Research Frequencies As women take on more investing responsibility and are increasingly controlling more assets, there is still a disconnect

More information

AFRICAN AMERICAN FINANCIAL EXPERIENCE

AFRICAN AMERICAN FINANCIAL EXPERIENCE The AFRICAN AMERICAN FINANCIAL EXPERIENCE 2015-16 Prudential Research Foreword It has been four years since Prudential released the findings of our first African American Financial Experience survey, and

More information

Financial Plan for Your 30s

Financial Plan for Your 30s Financial Plan for Your 30s 0 5 10 15 20 25 30 35 40 Number of years 40 years 30 years 35 years 25 years CIR116014 Getting Started In their 30s, many workers have an established job and cash flow. With

More information

Simon Holiday PR Study

Simon Holiday PR Study Simon Holiday PR Study Final Report OCTOBER Prepared by: Introduction and Methodology Introduction and Methodology The purpose of this study was to evaluate holiday shopping behavior and perceptions for

More information

Society of Actuaries Middle Market Life Insurance Segmentation Program (Phase 1: Young Families)

Society of Actuaries Middle Market Life Insurance Segmentation Program (Phase 1: Young Families) Society of Actuaries Middle Market Life Insurance Segmentation Program (Phase 1: Young Families) September 2012 Sponsored By: SOA Marketing and Distribution Section SOA Product Development Section SOA

More information

College Financing Survey

College Financing Survey CONSUMER REPORTS NATIONAL RESEARCH CENTER College Financing Survey 2016 Nationally Representative Online Survey May 10, 2016 Introduction In March-April, 2016 the Consumer Reports National Research Center

More information

Online Survey of Employees Without Workplace Retirement Plans

Online Survey of Employees Without Workplace Retirement Plans Online Survey of Employees Without Workplace Retirement Plans Report of Findings Conducted for: State of California October 2015 Prepared by Greenwald & Associates 2015 1 Table of Contents Methodology

More information

THE ASSOCIATED PRESS-CNBC INVESTORS SURVEY CONDUCTED BY KNOWLEDGE NETWORKS

THE ASSOCIATED PRESS-CNBC INVESTORS SURVEY CONDUCTED BY KNOWLEDGE NETWORKS 1350 Willow Rd, Suite 102 Menlo Park, CA 94025 www.knowledgenetworks.com Interview dates: August 26 September 08, 2010 Interviews: 1,035 adults who own stocks, bonds or mutual funds Sampling margin of

More information

T. Rowe Price 7TH ANNUAL PARENTS, KIDS & MONEY SURVEY

T. Rowe Price 7TH ANNUAL PARENTS, KIDS & MONEY SURVEY T. Rowe Price 7TH ANNUAL PARENTS, KIDS & MONEY SURVEY Detailed Results / March 2015 Contents Family Financial Profile 3 Financial Knowledge 12 Parenting 17 Discussing Financial Matters 30 Habits & Priorities

More information

October 2015. The human touch: The role of financial advisors in a changing advice landscape

October 2015. The human touch: The role of financial advisors in a changing advice landscape October 2015 The human touch: The role of financial advisors in a changing advice landscape Table of contents Executive summary 1 Introduction 3 Survey methodology 4 Key findings 5 Interest in working

More information

YOUNG BLACK MEN DON T FIT COMMON STEREOTYPES. Experiences of Young Black Men. Optimistic Views of Young Black Men

YOUNG BLACK MEN DON T FIT COMMON STEREOTYPES. Experiences of Young Black Men. Optimistic Views of Young Black Men Survey Snapshot: Views and Experiences of Young Black Men Findings from the Washington Post/Kaiser Family Foundation/Harvard University African American Men Survey The Washington Post/Kaiser Family Foundation/Harvard

More information

Application for Mississippi Medicaid Aged, Blind and Disabled Medicaid Programs

Application for Mississippi Medicaid Aged, Blind and Disabled Medicaid Programs Application for Mississippi Medicaid Aged, Blind and Disabled Medicaid Programs This application is used for an individual, couple or child to apply for Medicaid due to age or disability. Please read each

More information

Michigan Department of Community Health

Michigan Department of Community Health Michigan Department of Community Health January 2007 INTRODUCTION The Michigan Department of Community Health (MDCH) asked Public Sector Consultants Inc. (PSC) to conduct a survey of licensed dental hygienists

More information

2015 RCS FACT SHEET #3 PREPARING FOR RETIREMENT IN AMERICA

2015 RCS FACT SHEET #3 PREPARING FOR RETIREMENT IN AMERICA 2015 RCS FACT SHEET #3 PREPARING FOR RETIREMENT IN AMERICA Americans confidence in their ability to secure a financially comfortable retirement increased in 2015. Is this reflected in actual savings and

More information

How Does Money Grow Over Time?

How Does Money Grow Over Time? How Does Money Grow Over Time? Suggested Grade & Mastery Level High School all levels Suggested Time 45-50 minutes Teacher Background Interest refers to the amount you earn on the money you put to work

More information

Wealth Inequality and Racial Wealth Accumulation. Jessica Gordon Nembhard, Ph.D. Assistant Professor, African American Studies

Wealth Inequality and Racial Wealth Accumulation. Jessica Gordon Nembhard, Ph.D. Assistant Professor, African American Studies Wealth Inequality and Racial Wealth Accumulation Jessica Gordon Nembhard, Ph.D. Assistant Professor, African American Studies Wealth Inequality Increasing Media attention World wealth inequality (UNU-

More information

Introduction Meeting

Introduction Meeting Introduction Meeting Valued Client FOUR KEY AREAS OF PLANNING Presented By: Robert Burke Jr. We find most of our clients objectives fall into four main planning objectives. Which is currently most important

More information

You can use life insurance

You can use life insurance Life & Health Insurance Advisor MRCT Benefits Plus is a comprehensive employee benefits, wellness and Human Resources consulting firm offering a variety of financial services to businesses and individuals

More information

2013 Survey of Owners of Individual Annuity Contracts

2013 Survey of Owners of Individual Annuity Contracts 2013 Survey of Owners of Individual Annuity Contracts Conducted by The Gallup Organization and Mathew Greenwald & Associates for The Committee of Annuity Insurers 2013 SURVEY OF OWNERS OF INDIVIDUAL ANNUITY

More information

The AP-Viacom Survey of Youth on Education March, 2011

The AP-Viacom Survey of Youth on Education March, 2011 The AP-Viacom Survey of Youth on Education March, 2011 By Stanford University Conducted by GfK Roper Public Affairs & Corporate Communications A telephone survey of the American young adult population

More information

Participant Preferences in Target Date Funds: Fresh Insights

Participant Preferences in Target Date Funds: Fresh Insights Participant Preferences in Target Date Funds: Fresh Insights Findings, Insights and Opportunities White Paper January 216 Research by Voya Investment Management Not FDIC Insured May Lose Value No Bank

More information

Where you hold your investments matters. Mutual funds or ETFs? Why life insurance still plays an important estate planning role

Where you hold your investments matters. Mutual funds or ETFs? Why life insurance still plays an important estate planning role spring 2016 Where you hold your investments matters Mutual funds or ETFs? Why life insurance still plays an important estate planning role Should you undo a Roth IRA conversion? Taxable vs. tax-advantaged

More information

2015 Wells Fargo Retirement Study

2015 Wells Fargo Retirement Study 2015 Wells Fargo Retirement Study Table of contents Overview 1 Key findings 2 Background and methodology 8 Harris Poll conducted the survey online of 1,993 affluent investors, ages 30 75 who have $250,000

More information

ESTATE PLANNING QUESTIONNAIRE

ESTATE PLANNING QUESTIONNAIRE ESTATE PLANNING QUESTIONNAIRE Please complete this form to the best of your ability and bring it with you to our initial meeting. Your cooperation in this regard will make your appointment more productive

More information

MMI Omnibus Survey. Debt Survey. Top-Line Results and Suggested Story Lines

MMI Omnibus Survey. Debt Survey. Top-Line Results and Suggested Story Lines MMI Omnibus Survey Debt Survey Top-Line Results and Suggested Story Lines Methodology: Cynapsus and MMI developed seven questions that were included in a nationwide, Web-based omnibus study. The survey

More information

New Poll Shows African Americans and Hispanics Particularly Concerned About Growing Consumer Indebtedness and Eager for Government Solutions

New Poll Shows African Americans and Hispanics Particularly Concerned About Growing Consumer Indebtedness and Eager for Government Solutions New Poll Shows and Particularly Concerned About Growing Consumer Indebtedness and Eager for Government Solutions A bipartisan poll of 1,000 adults on public attitudes toward consumer debt was conducted

More information

Public Education and Outreach: Market Research Findings for the Health Insurance Exchange

Public Education and Outreach: Market Research Findings for the Health Insurance Exchange Public Education and Outreach: Market Research Findings for the Health Insurance Exchange Presentation to: Health Reform Advisory Task Force August 6, 2012 1 What we have been doing May June July Orientation

More information

International Retirement Security Survey

International Retirement Security Survey International Retirement Security Survey Country Summary October 21, 2005 BACKGROUND AND RESEARCH OBJECTIVES Income security during retirement is an increasingly important international issue in light

More information

2012 HOUSEHOLD FINANCIAL PLANNING SURVEY

2012 HOUSEHOLD FINANCIAL PLANNING SURVEY 2012 HOUSEHOLD FINANCIAL PLANNING SURVEY A Summary of Key Findings July 23, 2012 Prepared for: Certified Financial Planner Board of Standards, Inc. and the Consumer Federation of America Prepared by: Princeton

More information

Nursing Education Program of Saskatchewan (NEPS) Employment Survey:

Nursing Education Program of Saskatchewan (NEPS) Employment Survey: Nursing Education Program of Saskatchewan (NEPS) Employment Survey: Graduates of the NEPS Program in the 2003 2004 Academic Year 5 Year Follow up Prepared for The College of Nursing of the University of

More information

7TH ANNUAL PARENTS, KIDS & MONEY SURVEY: SUPPLEMENTAL DATA

7TH ANNUAL PARENTS, KIDS & MONEY SURVEY: SUPPLEMENTAL DATA Detailed Results 7TH ANNUAL PARENTS, KIDS & MONEY SURVEY: SUPPLEMENTAL DATA T. Rowe Price August 2015 Contents Impact of Parent/Kid Discussions on Kids Impact of Parental Discussions on Kids Impact of

More information

ICI RESEARCH PERSPECTIVE

ICI RESEARCH PERSPECTIVE ICI RESEARCH PERSPECTIVE 40 H STREET, NW, SUITE 200 WASHINGTON, DC 20005 202-326-5800 WWW.ICI.ORG FEBRUARY 206 VOL. 22, NO. WHAT S INSIDE 2 IRAs Play an Increasingly Important Role in Saving for Retirement

More information

TAXES AND YOUR PORTFOLIO: It s not what you earn, it s what you keep

TAXES AND YOUR PORTFOLIO: It s not what you earn, it s what you keep TAXES AND YOUR PORTFOLIO: It s not what you earn, it s what you keep YOUR HOST John Sweeney Executive Vice President, Retirement & Investing Strategies, Fidelity Investments 2 JOIN THE CONVERSATION: @SweeneyFidelity

More information

WHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU?

WHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU? WHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU? In 1974, when IRAs were first created, they were rather simple and straightforward. Now, 35 years later, it s challenging to know the best way to save more

More information

U.S. Trust Insights on Wealth and Worth TM. Survey of High Net Worth and Ultra High Net Worth Americans 2011 Highlights

U.S. Trust Insights on Wealth and Worth TM. Survey of High Net Worth and Ultra High Net Worth Americans 2011 Highlights U.S. Trust Insights on Wealth and Worth TM Survey of High Net Worth and Ultra High Net Worth Americans 2011 Highlights Table of contents I. Important Disclosures 3 II. Introduction 4 III. Highlights 5

More information

WOMEN AND WEALTH. Highlights

WOMEN AND WEALTH. Highlights 2014 U.S. TRUST INSIGHTS ON WEALTH AND WORTH WOMEN AND WEALTH Highlights As part of the 2014 U.S. Trust Insights on Wealth and Worth survey, U.S. Trust surveyed high-net-worth across the country to provide

More information

Long-Term Care: Frequently Asked Questions About Long- Term Care Insurance

Long-Term Care: Frequently Asked Questions About Long- Term Care Insurance FACT SHEET LTC: FAQ s About Long-Term Care Insurance (H-003) p. 1 of 5 Long-Term Care: Frequently Asked Questions About Long- Term Care Insurance Long-Term Care (LTC) insurance only pays for long-term

More information

Module 8: Reverse Mortgages and Other Private Financing Options for Long-Term Care. Posted 5/31/05

Module 8: Reverse Mortgages and Other Private Financing Options for Long-Term Care. Posted 5/31/05 Module 8: Reverse Mortgages and Other Private Financing Options for Long-Term Care Posted 5/31/05 Answers to Key Questions What LTC financing options are available other than insurance? What are the differences

More information

Investment Company Institute and the Securities Industry Association. Equity Ownership

Investment Company Institute and the Securities Industry Association. Equity Ownership Investment Company Institute and the Securities Industry Association Equity Ownership in America, 2005 Investment Company Institute and the Securities Industry Association Equity Ownership in America,

More information

2015 REPORT ON U.S. PHYSICIANS FINANCIAL PREPAREDNESS:

2015 REPORT ON U.S. PHYSICIANS FINANCIAL PREPAREDNESS: 2015 REPORT ON U.S. PHYSICIANS FINANCIAL PREPAREDNESS: Women Physicians Segment Start Here 2015 AMA Agency, Inc. a subsidiary of the American Medical Association Introduction Women are playing an increasingly

More information

Investment Company Institute Research In Brief

Investment Company Institute Research In Brief Fundamentals Investment Company Institute Research In Brief Vol. 9 / No. July 000 0 H Street, NW Suite 00 Washington, DC 0005 0/6-5800 www.ici.org Mutual Fund Shareholders Use of the Internet M utual fund

More information

2014 U.S. TRUST INSIGHTS ON WEALTH AND WORTH SURVEY

2014 U.S. TRUST INSIGHTS ON WEALTH AND WORTH SURVEY 2014 U.S. TRUST INSIGHTS ON WEALTH AND WORTH SURVEY Key Findings FOR MEDIA INQUIRIES, CONTACT: JULIA EHRENFELD U.S. TRUST MEDIA RELATIONS 646.855.3267 JULIA.EHRENFELD@BANKOFAMERICA.COM Table of contents

More information

2014 Wells Fargo Millennial Study

2014 Wells Fargo Millennial Study 2014 Wells Fargo Millennial Study Overview Table of contents Overview 1 Key findings 2 Background and methodology 7 The contents of this report are for information purposes only. They should not be construed

More information

INVEST IN YOURSELF FINANCIAL PLANNING FOR WOMEN

INVEST IN YOURSELF FINANCIAL PLANNING FOR WOMEN INVEST IN YOURSELF FINANCIAL PLANNING FOR WOMEN When They Engage a Financial Advisor, Women Want I To forge relationships based on trust, I To be sure that discussions of their needs and goals will be

More information

Americans Current Views on Smoking 2013: An AARP Bulletin Survey

Americans Current Views on Smoking 2013: An AARP Bulletin Survey Americans Current Views on Smoking 2013: An AARP Bulletin Survey November 2013 Americans Current Views on Smoking 2013: An AARP Bulletin Survey Report Prepared by Al Hollenbeck, Ph.D. Copyright 2013 AARP

More information

6th. Detailed Results / March 2014

6th. Detailed Results / March 2014 6th Detailed Results / March 2014 2013 Table of Contents Financial Behaviors 3 A7tudes and Percep

More information

Types of Life Insurance Products

Types of Life Insurance Products Types of Life Insurance Products Page 1 of 16, see disclaimer on final page Table of Contents Term Life Insurance...3 Who should buy term life insurance?...3 Advantages of term life insurance... 3 Disadvantages

More information

A Sloan Work & Family Research Network Fact Sheet

A Sloan Work & Family Research Network Fact Sheet Questions and Answers about GENERATION X/GENERATION Y: Y A Sloan Work & Family Research Network Fact Sheet Introduction The Sloan Work and Family Research Network has prepared Fact Sheets that provide

More information

Overview of the Airbnb Community in Berlin

Overview of the Airbnb Community in Berlin Overview of the Airbnb Community in Berlin Overview of the Airbnb Community in Berlin Airbnb hosts in Berlin have been welcoming guests into their homes since 2009. The following page captures the Airbnb

More information

Think you know the Next Gen investor?

Think you know the Next Gen investor? UBS Investor Watch Analyzing investor sentiment and behavior 1Q 2014 Think you know the Next Gen investor? Think again. a b See what s really on their minds 2 UBS Investor Watch Lazy. Entitled. Narcissistic.

More information

LIFE INSURANCE. How to assess your life insurance needs By Ginger Applegarth

LIFE INSURANCE. How to assess your life insurance needs By Ginger Applegarth LIFE INSURANCE Insurance is not specifically defined in Scripture; however, the principle of future provision is found in Ecclesiastes 6:3. If a man fathers a hundred children and lives many years, however

More information

Prepare your practice to provide multigenerational wealth planning

Prepare your practice to provide multigenerational wealth planning Prepare your practice to provide multigenerational wealth planning WHITE PAPER OVERVIEW Serving your clients who control the family money is a demanding job and it doesn t leave you much time to develop

More information

A Survey of Needs and Services for Postsecondary Nontraditional Students

A Survey of Needs and Services for Postsecondary Nontraditional Students A Survey of Needs and Services for Postsecondary Nontraditional Students Part I: A Survey of Postsecondary Nontraditional Students What is a nontraditional student? You have been asked to participate in

More information

Retirement Planning. A Candid Survey of Federal Employees. Underwritten by:

Retirement Planning. A Candid Survey of Federal Employees. Underwritten by: Retirement Planning A Candid Survey of Federal Employees Underwritten by: November 2012 About The Research Intelligence Division Of Government Executive Media Group Dedicated to Advancing the Business

More information

A Consumer s Guide To

A Consumer s Guide To A Consumer s Guide To 401(k) Plans NYSUT Member Benefits wants NYSUT members to be the best-informed consumers in the state. This Consumer Guide is one of our contributions towards achieving that goal.

More information

Financial Experience & Behaviors Among Women

Financial Experience & Behaviors Among Women Financial Experience & Behaviors Among Women 2010 2011 Prudential Research Study TENTH ANNIVERSARY E D I T I O N A report prepared by Prudential Research 0182849-00001-00 Acknowledgment A Decade of Progress

More information

Life Insurance More of a Guarantee in Uncertain Times. Research Report September 2009

Life Insurance More of a Guarantee in Uncertain Times. Research Report September 2009 Life Insurance More of a Guarantee in Uncertain Times Research Report September 2009 Prudential, Prudential Financial, the Rock logo, and the Rock Prudential logo are registered service marks of The Prudential

More information

Women, Retirement and Advisors. Concerned About Meeting Retirement Expectations, Female Boomers Seek Expert Advice

Women, Retirement and Advisors. Concerned About Meeting Retirement Expectations, Female Boomers Seek Expert Advice Women, Retirement and Advisors Concerned About Meeting Retirement Expectations, Female Boomers Seek Expert Advice September 2011 About the Insured Retirement Institute: The Insured Retirement Institute

More information

Study of International Employee Benefits Trends. United Kingdom

Study of International Employee Benefits Trends. United Kingdom Study of International Employee Benefits Trends United Kingdom From its core to its outer edges a flower s petals transition from tight and unyielding to open and inviting. So goes the current state of

More information

CONTENTS ABOUT AIA STUDY BACKGROUND EXECUTIVE SUMMARY. KEY FINDINGS Quality of life Financial security Retirement Family and education

CONTENTS ABOUT AIA STUDY BACKGROUND EXECUTIVE SUMMARY. KEY FINDINGS Quality of life Financial security Retirement Family and education Report Philippines 2014 CONTENTS ABOUT AIA STUDY BACKGROUND EXECUTIVE SUMMARY KEY FINDINGS Quality of life Financial security Retirement Family and education 4 6 8 10 12 16 18 20 REPORT PHILIPPINES 3

More information

Using Credit Strategies Wisely in Retirement Planning.

Using Credit Strategies Wisely in Retirement Planning. Using Credit Strategies Wisely in Retirement Planning. Prepared by. Lawrence Katz, Regional Private Banking Manager. Todd Barfield, Regional Private Banking Manager. In this white paper. 1 Meeting capital

More information

Accounting Principals Workonomix Survey 2013. March 13, 2013

Accounting Principals Workonomix Survey 2013. March 13, 2013 Accounting Principals Workonomix Survey 2013 March 13, 2013 Survey Background & Methodology Background Accounting Principals polled 1,020 working Americans about the impact of the changes to the payroll

More information

Investor Questionnaire

Investor Questionnaire Investor Questionnaire The following questions are designed to help you and us understand your attitudes toward risk and return. Your individual tolerance for risk and your return goals can be instrumental

More information

Personal Financial Planning Questionnaire

Personal Financial Planning Questionnaire MULHOLLAND FINANCIAL SERVICES Personal Financial Planning Questionnaire Conservative Financial Advice This comprehensive, personal financial planning summary is designed to help you take inventory and

More information

HOUSEHOLDS WITH HIGH LEVELS OF NET ASSETS

HOUSEHOLDS WITH HIGH LEVELS OF NET ASSETS HOUSEHOLDS WITH HIGH LEVELS OF NET ASSETS Report to the Consumer Federation of America and Providian Financial Corp. Catherine P. Montalto, Ph.D. Associate Professor Consumer and Textile Sciences Department

More information

Methodology. Looking Ahead TEAM. President, Achieve. Melissa Wall. Research Associate. Elena Baxmeier. Research Intern. Hannah Lushin.

Methodology. Looking Ahead TEAM. President, Achieve. Melissa Wall. Research Associate. Elena Baxmeier. Research Intern. Hannah Lushin. WAVE 1 TRENDS CONTENTS Glossary of Terms The 2016 Millennial Impact Study Methodology -Millennial Sample Demographic Trends Worth Watching - Trend 1: Social Issues - Trend 2: Political Ideology - Trend

More information

China s Middle Market for Life Insurance

China s Middle Market for Life Insurance China s Middle Market for Life Insurance May 2014 Sponsored by: SOA International Section SOA Marketing & Distribution Section SOA Research Expanding Boundaries Pool The opinions expressed and conclusions

More information

CLAT. At the end of the term of the trust, the remaining assets pass to the donor s heirs, spouse, or sometimes back to the donor, if living.

CLAT. At the end of the term of the trust, the remaining assets pass to the donor s heirs, spouse, or sometimes back to the donor, if living. Charitable Lead Annuity Trust CLAT In General A donor may transfer assets to an irrevocable charitable lead annuity trust (CLAT). The trust then pays a fixed dollar amount to a qualified charity for either

More information