Are You Confident About Retirement?

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Despite a rebound in home prices and fresh all-time highs in the stock market, investors lack confidence in their retirement plans. Making matters worse, many retirees have serious regrets that their younger peers should not overlook.

Nearly half of American investors feel positive about their overall financial futures, but the other half described their sentiment as concerned, nervous, pessimistic, or even depressed, according to a recent study conducted by BlackRock, the world’s largest asset manager. Debt and living expenses magnify the worries, with Americans devoting 49 percent of their take-home pay to living costs bills and debt payments, compared to a global average of 40 percent.

BlackRock finds that Americans reported saving only 16 percent of their take-home pay each month and hold 48 percent of investable assets in cash. When asked what would encourage them to invest more of their cash holdings, nearly one in three said “less personal debt.”