Retirement savers learn to be buy-and-hold investors and shrug off volatility — for about a week after the last downturn ends.
Allianz Life, a major annuity issuer, has data on consumers' current level of anxiety based on a survey of 1,003 U.S. residents ages 18 and older that was conducted in May.
The percentage of survey participants who agreed with a statements indicating that they were simply too nervous to invest reached 48%.
The percentage of participants agreeing with that statement was at the highest level since 2019, when Allianz Life began asking the question.
In other words: The survey participants said they are more nervous now than they were during the COVID-19 pandemic.
The participants were also more nervous than they were after the money supply tightening that the Federal Reserve Board imposed around 2022, as the effects of the pandemic were easing.
Allianz Life also asked participants whether they agreed with other statements expressing financial anxiety.
For a look at the percentage of survey particpants who agreed with seven of the statements in May, along with how the levels of agreement have changed since the first quarter of this year, ranked in order from lowest to highest, see the gallery accompanying this article.
Credit: ntinai/Adobe Stock
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