Despite the Sept. 11th terrorist attacks and an overall drop in consumer confidence, many U.S. investors are showing their allegiance to the country and its economy by spending money and plan to invest, according to a survey conducted by ING Aetna Financial Services.
The survey, known as the Pulse of America, found 77% of Americans arent allowing the attacks to impact their saving and spending habits. Forty-five percent of respondents said they have recently made or plan to make financial decisions in the spirit of helping to fuel the U.S. economy.
Shaun Mathews, senior VP at ING Aetna, said that by "investing in their country" many Americans are doing what they can to help the country recover from the terrorist attacks.
In addition, two-thirds of those surveyed said their investing outlook was either to "focus on the long term and stay the course" or show confidence in the economy by "taking advantage of lower stock prices." Thirty percent said they would help to support the economy by investing domestically.
In addition, the survey found that older Americans are feeling the heat when it comes to retirement. Close to 20% of respondents between the ages of 55 and 64 said they expect to retire later than they previously planned. Most younger workers said their expectations for retirement had not changed.
The study, which polled 545 full-time employed adults about their attitudes on spending, saving and retirement, is a joint effort of ING Aetna and research company Market Facts.