Schwab 401(k) Study: Confidence Among Workers Improves as Inflation and Market Volatility Concerns Soften
Charles Schwab Corporation (The) (SCHW)
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Source: Business Wire
Demand for advice rises as 401(k) investors grow more bullish on professional help WESTLAKE, Texas--(BUSINESS WIRE)--Workers are feeling more confident about their ability to reach their financial goals for retirement as anxiety around inflation and market volatility has come down since last year, according to a new survey from Charles Schwab. The annual nationwide survey of 401(k) plan participants finds that 43% of workers think they are very likely to achieve their retirement savings goals compared to 37% in 2023.Inflation and stock market volatility continue to be the biggest obstacles to saving for a comfortable retirement, though workers are slightly less concerned about both factors in 2024.Top obstacles to saving for a comfortable retirement20232024Inflation62%58%Market volatility42%36%Workers still think they need to save $1.8 million for retirement, the same as last year, and on average, they expect their nest egg to last 23 years after retiring at age 65.“Workers are fee
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SCHW
Earnings
- 7/16/24 - In-Line
SCHW
Sec Filings
- 8/26/24 - Form N-PX
- 8/26/24 - Form N-PX
- 8/23/24 - Form SC
- SCHW's page on the SEC website