Risk Tolerance Tracker
Two-thirds of American investors feel like their financial safety net has been taken away
Over two-thirds of American investors (67%) feel like their financial safety net has been taken away as a result of the events of 2022, up drastically from 47% of people who said so just last year. The third annual Risk Tolerance Tracker asked American investors1 how the events of 2022 have impacted their views on their retirement and risk.
Investors are even more risk averse than they were in the middle of the COVID-19 pandemic
78% of investors say they have become more financially risk averse due to the events of 2022, citing inflation and increased volatility as top concerns.
While willingness to take financial risk slightly improved last year as things returned to normal, our latest survey found that the events of 2022 caused a 9-point increase in risk aversion over last year, up from 69% in 2021 and 74% in 2020.
More investors are concerned about retirement income
73% of investors say they are worried about retirement income, compared to 61% in 2021 and 60% in 2020, highlighting that investors’ concerns are growing.79% of respondents say they are worried about inflation impacting their retirement, compared to 73% in 2021.
More than half (53%) of investors say they are more likely to look for ways to supplement their income during this period of increased inflation
41% Baby Boomers
Nearly half (45%) of investors say they are willing to explore new financial products.
While investors continue to become more risk averse, it’s encouraging to see many take action, revisiting their retirement plan and becoming more open to new products. During these uncertain times, investors should remember not to panic and that there are a variety of options available to navigate this challenging environment. Working with a financial advisor can help investors prioritize their financial goals and implement a long-term plan to accomplish them.”
Chris Blunt - President & CEO of F&G
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.
This Xcelerant Survey was conducted online by Directions Research, independently recognized as one of the nation's leading business decision insight firms. The survey was fielded from October 6 to October 14, 2022, among a demographically balanced nationally representative sample of 1,691 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.
To ensure consistent and accurate representation of the U.S. general population 18 years of age and older, data are weighted to match the U.S. Census data by the following variables: sex, age, geographic region, race/ethnicity, and education. Weighting factors for each respondent are developed through a custom algorithm.
F&G is part of the FNF family of companies. F&G is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of annuity and life insurance products and is headquartered in Des Moines, Iowa. For more information, please visit fglife.com.