Investors are upbeat about their chances of recouping losses from the recession and are looking at new options to build their retirement savings, Prudential Financial Inc. says.
A survey by Prudential, Newark, N.J., found that, in the wake of the stock market turmoil:
–Investors estimate on average that they lost more than a third of their assets.
–62% of workers said they think the money they lost in their employer retirement plans can grow back, and more than two-thirds of this group thinks that will happen within 5 years.
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–80% recognized a need to start rebuilding their savings after the recession.
–Among retirees, 73% said they are looking for new ways to grow their assets.