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Komfie Manalo, Opalesque Asia: A majority of Americans feel guilty for not investing enough this year,
outpacing common year-end regrets such as poor eating and drinking
choices, not sharing enough time with loved ones or spending too much
money on oneself, according to the latest survey by Bank of America’s
Merrill Edge Report.
In a press statement, Merrill said that only one in four
Americans (23%) feel "proud" of how they handled their money this year,
and only half (50%) of respondents said they are "content" with the
financial decisions they made in 2014. The new data suggests mass
affluent Americans know they need to do more investing and saving for
the future.
"Many mass affluent Americans feel they didn’t do enough this year to
put themselves in a good place for the financial future they desire,"
said Aron Levine, head of Preferred Banking and Merrill Edge at Bank of
America Corporation. "Millennials [a term for persons reaching young
adulthood around the year 2000], in particular, feel they are held back
from investing and saving enough for retirement because of debts from
unpaid student loans. The good news is investors of all ages are
rethinking their priorities and plan to make retirement saving a top
goal in 2015."
The bi-annual survey conducted among 1,046 mass affluent ...................... To view our full article Click here
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