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Rich Americans feel better off than they did a year ago - please give more tax cuts

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somone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-28-10 11:42 AM
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Rich Americans feel better off than they did a year ago - please give more tax cuts
http://news.yahoo.com/s/nm/us_merrilllynch_survey

NEW YORK (Reuters) – Wealthy U.S. investors feel better about their financial matters than they did a year ago, yet Americans also say they also expect to work much longer than they had once hoped, brokerage giant Merrill Lynch said, citing its latest investor survey.

Some 41 percent of Americans with at least $250,000 of investable assets say their finances are in better shape than last year, with 37 percent reporting no change. Three out of four of the 1,000 people surveyed said they were confident their finances would improve in the coming year.

Yet 61 percent now expect to retire later than planned, doubling from 29 percent in January, with respondents divided over their outlook for the U.S. economy for the next year, Bank of America's Merrill found in its quarterly survey.

"They are more optimistic about themselves than they are about the economy," Sallie Krawcheck, president of Bank of America's wealth and investment management division, said in a conference call with reporters...

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