Friday, March 17, 2006
A Crisis in the Making - A Survey by the Federal Reserve Shows that Americans are not Saving Enough for a Comfortable Retirement
When the Federal Reserve recently released its consumer finance survey, it showed some interesting trends in why Americans save - and how.
Take, for example, the statistics regarding direct ownership of individual equities. Between 2001, when the last survey was taken, and 2004, direct ownership of equities has increased among households headed by members of the baby boom generation, defined as those born between 1946 and 1964.
Meanwhile, ownership of "pooled investment funds," a category in which the Fed includes mutual funds, hedge funds, and real estate investment trusts, is lower than direct stock ownership for all age categories. Ownership of both stocks and funds dwarfs bond ownership.
Read full story: A Crisis in the Making - A Survey by the Federal Reserve Shows that Americans are not Saving Enough for a Comfortable Retirement
Source: BusinessWeek
Take, for example, the statistics regarding direct ownership of individual equities. Between 2001, when the last survey was taken, and 2004, direct ownership of equities has increased among households headed by members of the baby boom generation, defined as those born between 1946 and 1964.
Meanwhile, ownership of "pooled investment funds," a category in which the Fed includes mutual funds, hedge funds, and real estate investment trusts, is lower than direct stock ownership for all age categories. Ownership of both stocks and funds dwarfs bond ownership.
Read full story: A Crisis in the Making - A Survey by the Federal Reserve Shows that Americans are not Saving Enough for a Comfortable Retirement
Source: BusinessWeek
Permalink posted by armandn @ 5:22 AM 
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