Against the backdrop of public policy debates on the gap between rich and poor, a new survey of affluent Americans from Wells Fargo & Company shows that many of the affluent are feeling some of the same deep insecurity felt by middle-income Americans about their ability to retire in comfort.
“We find the rich versus poor narrative in the U.S. is more complex than we might expect, with fears and concerns about retirement felt along the income spectrum,” says Karen Wimbish, director of retail retirement at Wells Fargo. “Even among those considered ‘well off,’ many seem to fear a sharp drop in their post-retirement standard of living due to insufficient retirement savings.”
