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About Hearts & Wallets

Hearts & Wallets is the resource for retail investor data and insights, combining a consumer marketing framework with financial services operating experience. The company is a catalyst for consumer-driven innovation in retail investing and saving. 

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Retirement & Funding

Mix it Up! Calling for Personalized Recipes Blending Part-time Work, Creative Approaches to Real Estate, and New Progress Measures – a Quantitative Report

Report Overview

The Retirement & Funding: Mix it Up! Calling for Personalized Recipes Blending Part-time Work, Creative Approaches to Real Estate, and New Progress Measures Report reveals the yet-to-retire consumer’s expectations for retirement and post-retiree realities. Gain understanding on the most important trends in retirement funding and spending, including employer-sponsored plan dynamics.

Select Key Findings

  • Only 3 in 10 (30%) post-retirees spend less on housing than prior to retirement, indicating the potential for creative solutions for this expense category in retirement.
  • For post-retirees who have employment income, this funding source makes up 35% of their average monthly income.
  • Nationally, fewer consumers are devoting more than half of saving to employer retirement plans than in the past.

How This Report Helps

Marketing, product and advice/digital design professionals will benefit from the actionable data and insights in this report to:

  • Create programs that help future retirees blend sources of income, understand the changing transition from full- to part-time work, and manage controllable expenses.
  • Use the power of direct payroll deduction as a means of responding to consumer desire to save into account types beyond defined contribution.
  • Gain inspiration for progress metrics that provide satisfying financial wellness checkpoints across the consumer lifespan.

About the Hearts & Wallets Investor Quantitative™ Database

The Hearts & Wallets Investor Quantitative™ Database (IQDB) is the comprehensive resource for understanding and analyzing behaviors and attitudes of retail savers and investors. With over 1,600 fields and derived variables, the breadth and depth of topics covered is designed with decades of hands-on experience in the marketing, product, service and research functions it serves. The database covers consumers of all age and wealth segments, with over 5,000 annual responses to an online survey fielded mid-year since 2010. The large sample size of over 45,000 U.S. households permits sizing and profiling of virtually any demographic, behavioral or attitudinal definition for consumer groups. Its national weighting methodology allows for comparisons across years and customer/shareholder bases of leading firms. 

“Rarely does any content that I’ve read over the years reach the level of sophistication and credibility that Hearts & Wallets produces.”    

– Consumer Insights Professional, major diversified firm  

Executive Summary

Key Findings & Implications, Favorite Statistics, Related Research

6-10

Work Until Older, Pinpointing Age Difficult

Vision for Work/Life Balance as Senior Citizen: National, by Investable Assets, by Lifestage

11-13

Age Group Composition of Pre-Retirees

14

Actual/Anticipated Age of Stopping Full-time Work

15-18

Feelings About Financial Security by Difficulty With “Identifying What Year I Might Stop Working Full-Time”

19

Income Declines, Housing Emerging as Key Factor

Actual/Anticipated Income Replacement Rate

20-22

Spending by Category: National

23

Actual/Anticipated Retirement Spending vs. Spending Before Retirement

24-31

Recipe for Retirement Income Highly Varied and Personal

Anticipated Sources of Income: “I Have No Idea” Response Rate

32

Actual/Anticipated Sources of Income: Components of Income from Investable Assets, Percentage of Breadwinners Who are High Pensioners

33-37

Sources of Income: Incidence Rate and Average Percent of Income

38-40

Feelings About Financial Security by Difficulty with “Determining the income I can safely withdraw from personal assets in retirement”

41

Saving less in Employer-Sponsored Retirement Plans

Employer-Sponsored Retirement Plan (ESRP) Statistics: National

42

ESRP Statistic: Eligibility to Participate in Employer Plan

43

ESRP Statistic: Participation Rate Among Those Eligible

44

ESRP Statistic: Average Percent of Saving Going to Employer Plan Among Eligible and Participating

45-48

Need for New Funding Metrics

Summary of Retirement Funding Metrics

49

Retirement Reachability™ Ratio, Retirement Withdrawal Rate, Assets-to-Income Ratio

50-53

Appendix

Terminology & Definitions, Sample Sizes

54-57

This new 58-page report features 44 data-intensive exhibits.

Get the Retirement & Funding Report! Contact us for pricing options to order.


About Hearts & Wallets

Hearts & Wallets is the resource for retail investor data and insights, combining a consumer marketing framework with financial services operating experience. The company is a catalyst for consumer-driven innovation in retail investing and saving. 

Visit: www.heartsandwallets.com/about 

Call now 800-930-0966 x1

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