Hartford, Conn. (July 3, 2003) -- Shaken by the effects of the bear market, wealthy investors are ready to recoup their losses, but how they’ll go about it varies greatly, according to a survey by The Phoenix Companies Inc. and Harris Interactive.
While the majority of respondents feel they have their savings under control, they’re increasingly concerned that they’ll outlive money for retirement (39 percent in 2003, up from 34 percent in 2002) and feel the need to make up for lost time saving for retirement (31 percent in 2003 from 27 percent in 2002). Nearly two-thirds said their most important overall financial goal is to assure a comfortable standard of living during retirement. Results of the Phoenix/Harris Interactive Wealth Survey were based on 1,496 online interviews with adults with a net worth of $1 million or more.
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