In the next six months, 90% of Americans plan to make changes to their savings and investment strategies, with the U.S. Presidential Election most often cited as the reason, according to a new survey.
Edward Jones & Co., L.P., Des Peres, Mo., released this finding in a summary of results from a survey of 1,010 respondents. Conducted by Opinion Research Corp., Princeton, N.J., the survey examines domestic and international issues that are most likely to impact investment and savings decisions in the next six months.
The survey reveals the U.S. presidential election and health care costs are the two issues most likely to affect savings and investing decisions, with 39% and 30% of Americans pointing to them, respectively. Another 21% of respondents cite ongoing European and global economic issues.
Only five% of savers and investors plan to stay the course in that time period.
Among the report’s other findings:
For Americans between 35 and 44 years old, and those 65 and over, the U.S. presidential election will have the greatest impact on the changes they make to their investment strategies, with 46% and 45% of those groups indicating so, respectively.
Respondents between 18 and 34 are, however, less concerned with the U.S. election, pointing instead to healthcare costs as the factor most important for their investment decisions (35%).