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No inheritance? Young adults say they’re fine with older generations spending all their retirement savings

https://www.studyfinds.org/no-inheritance-spending-retirement/

Jul 02, 2021 … ADELAIDE, Australia — Seniors are getting a new incentive to spend big during their retirement. Normally, it’s been an age-old custom for parents, grandparents, and other aging relatives to pass down their remaining wealth to their kids when they die. However, at least in Australia, a new study finds older adults are looking to spend every…

Survey: 30% Of Americans Have Raided Retirement Savings During Coronavirus Lockdown

https://www.studyfinds.org/survey-3-in-10-americans-have-raided-retirement-savings-during-coronavirus-lockdown/

May 16, 2020 … CHARLOTTE, North Carolina — The coronavirus lockdown has caused an economic crisis that’s taking a toll on many Americans. Not only are their wallets getting thinner but a new survey shows that three in ten Americans have dipped into their retirement savings to help cover their expenses. MagnifyMoney commissioned a survey of 1,239 Americans who…

Anxiety, depression damaging to retirement savings, study finds

https://www.studyfinds.org/retirement-savings-anxiety-depression-mental-health/

Sep 29, 2017 … ITHACA, N. Y. — Retirement doesn’t look as alluring for those afflicted with psychological issues, a new study finds. Researchers at Cornell University recently conducted a poll, finding that those who suffered from mental health disorders, such as anxiety and depression, were less prepared financially for retirement than their peers. Specifically, those suffering from depression…

Frugal America: New Yorkers put more income into savings account than any other state, survey shows

https://www.studyfinds.org/frugal-america-income-into-savings/

Nov 12, 2020 … NEW YORK — When you think of New York, the first thing that comes to mind probably isn’t affordability. Despite its pricey reputation however, a new survey finds New Yorkers are the most savings-conscious residents in all 50 states. A OnePoll survey of 5,000 Americans, 100 from each state, reveals New Yorkers are putting 14.5…

Survey: 1 In 3 Middle-Aged Americans Say Retirement Plans Delayed Due To Coronavirus Crisis

https://www.studyfinds.org/survey-americans-say-retirement-plans-delayed-due-to-coronavirus/

Apr 23, 2020 … NEW YORK — The coronavirus crisis has disrupted the economy and the everyday lives of nearly all Americans in some way or another. While many are struggling financially in the now, the downturn may also put a major dent in retirement plans for millions of others, too. A new survey of 1,000 Americans reveals that…

Survey: Most Americans already raiding their retirement accounts

https://www.studyfinds.org/survey-most-americans-already-raiding-their-retirement-accounts/

Aug 23, 2019 … NEW YORK — Preparing for retirement is an undeniably important part of “adulting,” as younger generations call it. Sure, it isn’t exactly glamorous, but enrolling in a 401k or opening up an IRA is sure to pay off down the road when retirement is creeping up. That is, of course, if that money isn’t spent beforehand.…

Most baby boomers fear they’ll never be able to retire thanks to pandemic

https://www.studyfinds.org/baby-boomers-fear-they-cant-retire-pandemic/

Jul 23, 2021 … NEW YORK — From stimulus checks to eviction moratoriums to child tax credits to extended unemployment benefits, many Americans have needed all the help they can get to make ends meet during the COVID-19 pandemic. Older adults who once dreamed of unlocking their 401Ks and enjoying life after work now find themselves pushing that dream back…

Money matters: Most Americans don’t experience a ‘financial awakening’ until they’re 33

https://www.studyfinds.org/money-matters-financial-awakening/

Nov 06, 2020 … NEW YORK — If you’re worried that you’re getting older and you still don’t have your finances in order, don’t worry, you may still have time! A new survey finds the average American doesn’t experience a “financial awakening” until the age of 33. The study of 2,000 Americans reveals that  this so-called financial awakening can…

Millennial gold rush: Young adults investing in metals, cryptocurrency amid COVID-19 uncertainty

https://www.studyfinds.org/millennials-investing-gold-bitcoin-cryptocurrency-covid-19-uncertainty/

Jul 24, 2020 … NEW YORK — The coronavirus pandemic is far from over and it’s anyone’s guess as to just how much worse things will get. Its impact on the global economy poses an equally worrisome mystery. With so much uncertainty surrounding jobs and money, many young investors are looking for whatever sure thing they can find. A new…

Safety net: Quarter of older Americans feel ‘no amount’ is enough to comfortably retire

https://www.studyfinds.org/safety-net-quarter-of-older-americans-feel-no-amount-is-enough-to-comfortably-retire/

Feb 25, 2020 … CHARLOTTE, N. C. — Planning for retirement can feel overwhelming, which is why many Americans tend to put off the task indefinitely. It may be easier to push retirement aside for now, but this strategy is almost assured to backfire once old age starts to set in. A recent survey asked 816 working Americans of…

Always on the move? Keeping busy is actually good for your health

https://www.studyfinds.org/always-on-the-move-keeping-busy-actually-good-for-your-health/

Jul 28, 2019 … SINGAPORE — Time may fly by and stress may surge when we feel too busy, but having a jam-packed day may actually be good for the body. A study by researchers from the international business school INSEAD finds that busier people make healthier choices in their everyday lives. The study suggests that being busy helps individuals…