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January 23, 2012 at 01:39 PM
The preliminary results of the most recent Merrill Lynch Affluent Insights Survey released Monday show that stock market volatility and broader trends are discouraging wealthy investors from saving and investing more in 2012.
When asked what would encourage them to save and invest more this year for their retirement, affluent investors said: a less volatile stock market (38%), an improved job market (37%), more stability in the global economy (32%), a change in U.S. political leadership (31%); better incentives from the government (31%); and greater incentives from employers (22%).
The survey of about 1,000 individuals with $250,000 or more in investable assets is conducted every six months, and the full results should be released in February.
“As the nation emerges from the financial crisis, policymakers bear a disproportionate role in helping to resolve several issues and, as a result, could have a significant impact on volatility in the capital markets,” said Lisa Shalett, chief investment officer for Merrill Lynch Global Wealth Management (which includes some 18,000 financial advisors), in a press release.
