News

Americans Grow 16 Percent Richer in One Year; Ages 65 to 74 Gain Most in Assets, thanks to Taxable Assets and Stocks

Older Americans Control 25 Percent of Retirement Funds, Seek Advice

(Rye, NY) – Americans grew wealthier last year with total household investable assets up 16 percent annually, and seniors ages 65 to 74 enjoyed the largest increase in aggregate wealth of any segment, according to the 2014 Portrait of U.S. Household Wealth: Market Sizing, Segmentation and Product Ownership by Hearts & Wallets, the preeminent financial research resource for understanding consumer savings and investing needs and behaviors.

Total U.S. investable household assets reached $41.2 trillion at year-end 2013, up from $35.4 trillion the prior year. Earlier increases from 2009 to 2012, ranged from around 12 percent to more than 5 percent as Americans slowly recovered from the Great Recession’s significant dent to household assets in 2008. Read More→

Myth Buster: Self-Directed Investors Don’t Go it Alone; “General Contracting” Emerges as Key Behavior

Investors Seek More Advice Sources, Info and Technology in 2014

(Rye, NY) – Americans increasingly say they manage their own investments, or “self-direct” in 2014, but their behaviors contradict their words – they are rapidly escalating use of more investment advice and information sources, including technology, for a “general contracting” approach, according to the new study, Focus on Advice: Preference, Sources and Technology, by Hearts & Wallets, the preeminent financial research resource for understanding consumer savings and investing needs and behaviors.  Read More→

Three in Five U.S. Households Find Retirement Planning Difficult in 2014 – A New High

Big Question Is “When Will I Stop Full-Time Work?”

(Rye, NY) –  Three in five U.S. households say retirement planning, including how much to save for retirement, is more difficult in 2014 than in the past – marking a new high and a 10 percentage point jump from 2012, according to the new study, Engaging Investors: Reasons for Seeking Help and Taking Action, by Hearts & Wallets, the preeminent financial research resource for understanding consumer savings and investing needs and behaviors. Read More→