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Www.TA-Retirement.com/TheCenter ©2003, Transamerica Life Insurance and Annuity Company. Planning for your Retirement Omnibus Survey on Investor Confidence.

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Presentation on theme: "Www.TA-Retirement.com/TheCenter ©2003, Transamerica Life Insurance and Annuity Company. Planning for your Retirement Omnibus Survey on Investor Confidence."— Presentation transcript:

1 ©2003, Transamerica Life Insurance and Annuity Company. Planning for your Retirement Omnibus Survey on Investor Confidence Prepared by Harris Interactive Inc. for Transamerica Center for Retirement Studies April 2003

2 Transamerica Center for Retirement Studies Page 2 Background and Methodology Harris Interactive conducted an omnibus study on behalf of Transamerica. A nationally representative sample of 1,011 Americans ages 18 or older were interviewed by telephone using an unrestricted Random Digit Dialing (RDD) technique that significantly reduces serial bias and ensures that respondents with both listed and unlisted numbers are reached. Only one interview was conducted per household. Interviews were conducted from April 24, 2003 to April 27, To ensure a reliable and accurate representation of the total national adult population, completed interviews were weighted to known proportions for age, gender, geographic region, and race. The margin of error for the total sample is plus or minus 3%.

3 Transamerica Center for Retirement Studies Page 3 Confidence in Achieving A majority of Americans are as confident about reaching their retirement goals as they were at the start of the year. Three in five Americans (60%) say their confidence in reaching their retirement goals is the same as it was at the start of the year. Since the start of the year, has your confidence in reaching your retirement goal…?

4 Transamerica Center for Retirement Studies Page 4 Level of Confidence Which of the following have affected your level of confidence? Aided None of these Change in your personal financial state Continued terrorist threats Unemployment rates Continued corporate scandals Among Americans whose confidence level has dropped, a majority say the state of the economy, and stock market performance, have shaken their confidence in reaching their retirement goals. Seven in ten Americans (68%) say the nations economic state has decreased their level of confidence in reaching their retirement goals. Six in ten Americans (62%) say stock market performance has decreased their level of confidence in reaching their retirement goals. Base: Confidence in reaching retirement goal has decreased since the start of the year (n = 192) Multiple responses allowed The nations economic state Stock market performance Continued conflicts overseas Other

5 Transamerica Center for Retirement Studies Page 5 Increase Confidence Which of the following would do the most to increase your confidence? Adoption of dividend tax reform Improved relationships overseas None Base: Confidence in reaching retirement goal has decreased since the start of the year (n = 192) Four in ten Americans (42%) whose confidence in reaching their retirement goals has decreased this year, say an improved job market would do the most to increase their confidence in reaching their retirement goals. Another three in ten (31%) say an upswing in the stock market would increase their confidence in their reaching their retirement goals. Improved job market Upswing in the stock market Dont know Other


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