“A Majority Of U.S. Consumers Lack Confidence In Stock Investments,” Advisor Magazine

Quote:  “A majority of U.S. consumers —regardless of income level—say they are worried that they will not have enough money in retirement to maintain their desired lifestyle. Moreover, despite this widespread concern, some 59% say they have real trepidation about investing their money in the stock market, according to new research published by Realized, a technology-enabled platform that provides investment property wealth management. … A majority (62%) of respondents say they prefer to invest in tangible assets, such as investment properties, rather than traditional investments like the stock market, and have strong confidence across the board (75%) that real estate can be a valuable investment for retirement.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Interesting finding in the context of Washington State lawmakers’ efforts to dupe citizens into supporting a compulsory government LTC insurance program funded with payroll deductions invested in risky stocks and bonds. Citizens twice dissed the plans, but arrogant politicians push ahead anyhow..