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Retirement Planning > Saving for Retirement

Consumer confidence

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  • 65%: Percentage of insurance industry professionals who believe investor confidence is either flat or falling.
  • 99%: Percentage who believe most retirement-minded Americans will address the financial crisis by moving money into “safer” investments, becoming more risk adverse, avoiding equity based financial products, and even “stash[ing] their savings under their mattresses”.
  • 68%: Percentage who believe variable annuity “living benefits” will become more popular with consumers
  • 50%: Percentage of insurance industry professionals who believe the Troubled Asset Relief Program (TARP) will help stabilize the financial markets.
  • 77%: Percentage of respondents who will “stay the course” in their retirement strategy.
  • 35%: Percentage of respondents who think consumer confidence will rise over the next 12 months. Forty-one percent think it will fall.

Source: NAVA