Hopes and Fears and Dreams

October 1997
Journal of Financial Planning;Oct97, Vol. 10 Issue 5, p17
Academic Journal
The article presents the results of the Phoenix Fiscal Fitness Survey, sponsored by the Phoenix Home Life Mutual Insurance Co. on the financial aspirations of Americans. The longest running survey of American financial hopes, fears and dreams reports the following results: 28% said making ends meet was their greatest financial concern, up from 21% whereas retirement and investing tied for second, college came third; 40% already provide or expect to provide financial support to aging parents, up from 22%; fewer expect an inheritance; 45% of parents in their fifties support adult children, but fewer intend to do so in the future; 11 % expect to work into their seventies, compared with only 5%; Women are more concerned than men about retirement.


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