Tags: Wells Fargo | Gallup | investor | optimism

Wells Fargo/Gallup Survey: 6 in 10 Investors No Better Off Than in 2009

By    |   Wednesday, 24 September 2014 09:48 AM

Many investors apparently haven't made much headway in recent years, according to a new survey.

The Wells Fargo/Gallup Investor and Retirement Optimism Index was conducted Aug. 15 to 24 among 1,011 investors with total savings and investments of $10,000 or more.

A total of 58 percent of the respondents say their financial situation is about the same (34 percent) or worse (24 percent) than five years ago. That compares with 42 percent who say they are doing better.

Editor’s Note:
Retire 10 Years Earlier With These 4 Stocks


Only 37 percent say they have been saving and investing more in recent months than they did prior to the 2007-09 recession. A total of 34 percent say they are saving about the same, while 29 percent say they are saving less.

"These figures are essentially unchanged from two years ago, indicating that investors have not been able to make much financial headway in the economic recovery," the report states.

To be sure, the Investor and Retirement Optimism Index jumped 17 points to 46 in the third quarter, its highest level in seven years. The gain was fueled by optimism about economic growth and the labor market.

Still, the index remains far below the 1996-2008 average of just below 100.

"Investors are saying they're more optimistic about the economy and the job market. But non-retirees worry about their ability to earn more in their lifetime, and they are skeptical the stock market is the place for them to grow their savings," says Karen Wimbish, director of retail retirement at Wells Fargo. "Clearly, average investors have not forgotten their recession experiences."

Meanwhile, the latest AAII Investor Sentiment Survey, which measures the attitudes of individual investors toward stocks for the next six months, shows an upswing for the week ended Sept. 17.

Bulls totaled 42.2 percent, up 1.9 points from a week earlier. Bears totaled 23 percent, down 3.6 points, and those who are neutral totaled 34.8 percent, up 1.8 points.

Editor’s Note: Retire 10 Years Earlier With These 4 Stocks

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Many investors apparently haven't made much headway in recent years, according to a new survey.
Wells Fargo, Gallup, investor, optimism
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2014-48-24
Wednesday, 24 September 2014 09:48 AM
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