Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Retirees vs. the Working Mass Affluent

In the following interview, Linda Shelby, a Merrill Edge executive, sits down with Brendan Byrnes to discuss the most recent Bank of America (NYSE: BAC) Merrill Edge Report. The report is a semiannual study that puts the behaviors or mass affluent consumers into perspective. With their numbers at nearly 28 million households in the United States alone, understanding the sort of massive trends that affect these individuals can have powerful implications on your investments. Understanding paradigm shifts such as those discussed here are a cornerstone of Motley Fool wuperinvestor David Gardner’s own investing strategy and are critical to his market thrashing returns. Learn more about how he discovers his winners -- just click here now to read more.

Brendan Byrnes: What do we see about the differences between retirees and what you call the “working mass affluent,” as far as their finances go? What’s the difference there?

Linda Shelby: One difference, again, is in optimism. The retirees are finding that they feel more comfortable about their ability to have enough funds to last their lifetime, to continue the lifestyle the way that they want to live it.

They’re feeling more confident about those areas, where the people who are nearing retirement aren’t feeling that way yet. Interestingly, 60% are still counting on using public programs to help aid their retirement, such as Social Security and Medicare. Even more interestingly, people who are 20 years away from retirement are still counting on that at a rate of about 70%.

Even knowing what we know about Medicare/Social Security, they’re still counting on that as something that’s going to help them through.

Read/Post Comments (0) | Recommend This Article (0)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2180432, ~/Articles/ArticleHandler.aspx, 9/30/2016 6:24:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:00 PM
BAC $15.65 Up +0.49 +3.23%
Bank of America CAPS Rating: ****