Risk Tolerance Tracker
More than ¾ of American investors are worried about how inflation will impact their financial future
While inflation decreased in 2023 compared to the previous year, American investors are increasingly worried about its impact on their financial future. The fourth annual Risk Tolerance Tracker asked American investors1 how the events of 2023 have impacted their views on their retirement and risk.
In the years since the COVID-19 pandemic, concerns about inflation on retirement planning have grown by double-digits.
% concerned about inflation
Nearly half of investors are adjusting their retirement plan due to worries about inflation.
Concerns over retirement income and financial safety net
69% of investors are somewhat or very worried about their retirement income, compared to 60% who felt that way in 2020.
60% of investors feel their financial safety net has been taken away from them, compared to 51% who felt that way in 2020.
Growing willingness to exploring new financial options
Nearly half (42%) of investorsare more likely to explore a new financial product, given these worries.
More than ¾ (78%) of investorsare more averse to financial risk than in the past.
% of respondents that own an annuity
Only 14% of investors own an annuity, which can help address concerns regarding retirement income and financial safety net.
The importance of engaging with a financial professional
Despite their worries, the majority (61%) of investors are not working with a financial professional who can help them navigate their retirement options.
% of respondents who are not working with a financial professional
…while American investors are increasingly more distressed about their financial futures than they were at the height of the pandemic, many are still not taking action to address their concerns. Even with these worries, financial advisors continue to be underutilized. Regardless of what is happening in the world, financial advisors are a much-needed resource and key relationship to achieve ongoing financial wellness, sound retirement planning and a tailored mix of products to suit unique needs and goals."
Chris Blunt - President & CEO of F&G
Talking with a financial and insurance professional can help you turn your retirement aspirations into reality.
Download More Details About the Risk Tolerance Tracker
1 To qualify for the survey, respondents had to be age 30+, have sole or shared financial decision-making responsibility for their household, and own financial products valued at $10,000 or more.
Survey Methodology
This survey was conducted online by Directions Research, independently recognized as one of the nation’s leading business decision insights firms. The survey was fielded from October 10 to 20, 2023, among a nationally representative sample of 1,644 U.S. adults 30 years of age and older who have sole or shared financial decision-making responsibility for their household, and own financial products valued at $10,000 or more.
About F&G
F&G is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients and is headquartered in Des Moines, Iowa. For more information, please visit fglife.com.
“F&G” is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.
ADV3046 (Dec-2023)23-1793
