Many mass affluent investors have not seen their financial situations improve in the past year, and list not saving more toward their 401(k) plans and children’s college funds as top regrets, according to a new report released by Bank of America.
More than half (52%) of the mass affluent investors with between $50,000 and $250,000 in investable assets surveyed said their financial situation is the same as it was a year ago. At the same time, 23% said they have seen an improvement in their financial conditions in the past year, but only because they’ve changed their behaviors.
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