Almost Eight in 10 American Investors Are Rethinking Their Future
According to a survey conducted by OnePoll on behalf of Cadre, almost eight in 10 (78%) American investors are rethinking their financial future—especially high earners. The poll of 1,000 US investors revealed that 85% of those with a household income ranging between $150,000 and $199,999 were likely to reexamine their approach to their finances.
Investors Interested in Other Investment Opporunities
According to the survey, most investors (62%) already have a strategy to build wealth. Over three-fourths (77%) believe it is important to not only save for retirement but also pass wealth to their families. In the years, the most common investments were stocks (57%), cryptocurrency (55%), and bonds (49%). However, investors are expressing interest in learning more about other investment opportunities such as real estate (44%).
Investors Will Take Advantage of Investment Opportunities
Of the 525 respondents who invested in commercial real estate, 53% are very confident that their current strategy will help them reach their wealth goals. However, only 19% of those not invested in commercial real estate say the same. If investment opportunities presented themselves, such as the potential for steady income (52%), inflation protection (50%), and tax benefits or incentives (48%); investors would take advantage.
Alternative Investments are Becoming More Popular
“Our research shows people continue to be more open to exploring alternative investments, perhaps in response to increasing economic instability,” said Ryan Williams, Founder, CEO, and Executive Chairman of Cadre. “While common investments such as stocks and bonds are impacted by market cycles, commercial real estate is one asset class that can potentially offer a hedge against inflation and steady cash flow for future-minded investors.”
Adjusting Retirement Saving Methods
The research also aimed to uncover how investors are reimagining their retirement and savings. Currently, most investors are using brokerage accounts (65%), traditional checking and savings accounts (60%), and traditional or Roth IRAs (55%) for retirement. But these approaches are impacted by factors such as inflation (42%), health care expenses (38%), and the stock market (36%).
Investors Open to Adjusting Their Approach to Saving
More than three-quarters (77%) of investors say the economy is making them nervous about their retirement, and just over half (52%) are open to modifying their retirement timeframe. Respondents are open to adjusting the methods they use to save (58%) as well as how much they’re saving (58%) and spending (56%). Sometimes that could mean reconsidering whether to rent or buy. Thirty-five percent of respondents claimed buying a home was more cost-effective than renting an apartment.
Investors Will Turn to Safer Investments
“According to our data, those who have invested in commercial real estate are much more likely to be ‘very confident’ in their ability to retire comfortably than those who haven’t (62% vs. 23%). With risk-adjusted returns as well as the flexibility of choice between individual projects or diversified funds, commercial real estate may be an option for those looking for a safer investment that can help them secure their financial future,” Williams added.
Source: nypost.com