Americans More Financially Secure, BofA Survey Says
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Americans with assets of more than $250,000 said they’re more financially secure today than a year ago, after a recovery in the stock market increased confidence that the worst effects of the recession are over, according to Bank of America Corp.
The Merrill Lynch Affluent Insights Quarterly, which surveyed 1,000 people with investable assets of at least $250,000 from Sept. 13 to Oct. 7, found that 41 percent said they’re better off this year compared with the same period last year. About 39 percent of Americans said they’re risk-averse about investing, down from 50 percent in the previous survey.