American workers aged 18-36 are more interested in having a guaranteed retirement income feature in their retirement savings plans than those 45 years of age and older, new research finds.
Prudential Retirement, a business unit of Prudential Financial Inc., Newark, N.J. (NYSE: PRU), published this finding in preliminary results of a poll conducted on LinkedIn as part of National Save for Retirement Week. Undertaken to gauge Americans’ perceptions of workplace retirement plans, the poll received more than 1,400 responses and can be found at LinkedIn.com.
More than 50% of respondents say are “very” interested in a guaranteed retirement income feature, while 23% are “somewhat” interested, Prudential says.
The poll also reveals that 46% of Americans have not changed their long-term retirement strategy due to uncertain market conditions. Twenty-five percent, however, say they moved to a “more conservative” strategy while 14% moved to a “more aggressive” strategy.