Even before the events surrounding the U.S. debt ceiling deal and downgrade, affluent investors’ concerns about how long their retirement assets will last was rising, according to a new Bank of America Merrill Lynch survey conducted in June.
Of the 1,000 individuals with more than $250,000 in investable assets that participated in the semi-annual survey, 66% said they are more concerned about their retirement assets lasting through their life, an increase from 57% in January, while 54% now worry they cannot afford the retirement lifestyle they want, up from 46% in the beginning of the year.
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