American investors' confidence in their ability to retire comfortably has finally reached pre-recession levels. For the second quarter of 2015, the Wells Fargo/Gallup Investor and Retirement Optimism was at a seven-year high in its measure of investors’ faith in the markets and their ability to save enough for retirement.
Confidence remained equally high both among retirees, whose median age was 68, and non-retirees, whose median age was 45. Confidence in the “American Dream” remained solid, as 84 percent of investors say it remains achievable for them. The vast majority — 96 percent — says living comfortably in retirement is central to that dream.
That belief is pushing more non-retirees to formalize a retirement strategy. About seven in 10 say they have a specific plan to reach retirement and investment goals, but only half of them, or 36 percent of non-retirees, have formalized that strategy in writing. Retirees report being a bit more diligent: 73 percent say they have a strategic plan, and 43 percent have put it in writing.
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