According to a new study by Nielsen, 7 out of 10 global respondents (69%) believe they will achieve all their financial goals for the future, but of those, just 28% trust their current planning will be enough, while 41% say they will need to closely monitor and adjust investments from time to time in order to best meet their financial expectations. Nearly one-third of global respondents (31%) have no confidence they will meet their financial goals with either current or modified asset allocations.
“Preparing for one’s financial future has implications that go beyond personal needs,” said Oliver Rust, senior vice president, Global Financial Services, Nielsen. “Particularly in mature economies, there are growing concerns about reliance on government to support expenses such as retirement, health care and education, as growing numbers of the population enter retirement age. Understanding consumer sentiment on the saving strategies used to fund financial goals provides insight into how consumers are responding to the challenge of ensuring financial security.”
The Nielsen Global Survey of Saving and Investment Strategies polled more than 30,000 Internet respondents in 60 countries to evaluate how consumers around the world are preparing for current and future financial expenses. Nielsen evaluated 16 different saving and investment strategies used to fund a range of 14 long-and short-term financial goals.