Mass affluent Americans are planning to work longer than ever, according to Bank of America’s latest Merrill Edge Report, a semi-annual study that looks at the financial concerns of consumers with $50,000 to $250,000 in total household investable assets. The report found that more than half of that group (57%) plans to push back retirement, up from 42% in January 2011. One in five say they plan to retire much later.

“While the economy is showing signs of a turnaround, our data indicates the outlook among the mass affluent is not quite as positive,” Dean Athanasia, Bank of America’s Preferred and Small Business executive, said in statement.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access