Despite increasing optimism about the economy, affluent investors remain concerned about retirement savings and the rising costs of healthcare.
According to Bank of America Corp.’s Merrill Lynch Affluent Insights Quarterly survey, which was released Tuesday, affluent investors have become slightly less concerned about the economy’s impact on their ability to meet financial goals, with 49% currently expressing such concerns compared with 58% in October. But issues related to retirement and healthcare rank highest among financial concerns. Among those who identified health care as a top concern (62%), more than half (56%) reported feeling unsure of how rising costs should factor into their retirement planning, up from 40% in January.
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