Respondents' sentiment toward markets
Editorial staff, J.P. Morgan Wealth Management
The news is full of talk around market volatility, inflation and rising interest rates. The average person seems relaxed about their portfolio performance, but are they too laid back when it comes to long-term planning?
The J.P. Morgan Wealth Management Diverse Investor Survey asked more than 2,000 survey respondents across race, gender and wealth levels to share their thoughts about investing today.
Despite all of the noise in markets and the economy in 2022, half of survey respondents said they don’t pay attention to how the market is affecting their personal finances.
But this doesn’t mean folks aren’t checking to see how their investments are performing. The majority of survey respondents…
…have automated their investments on a regular basis
…would NOT be concerned about a 20% dip in their portfolio
…think that rising inflation and interest rates are a higher concern than market volatility.
However, there are still concerning trends in survey respondents' lax attitudes toward financial planning.
80% of survey respondents don't currently have a will…
…with only 26% (White survey respondents), 14% (Black survey respondents) and 9% (Hispanic survey respondents) claiming to have one.
But three in five survey respondents have still taken NO action on planning for their estate.
Planning for your estate is an important part of a successful financial strategy. Thinking about a plan now—and discussing with your tax attorney or advisor—could help you ensure that your wishes are honored long after your lifetime.
See more of the diverse investor study here.
Methodology
The J.P. Morgan Wealth Management Diverse Investor Study was conducted April 26 – May 9, 2022. The results are based on a nationally representative sample of 2,014 general population American adults aged 25 to 64 with investable assets, including oversamples for both Black and Hispanic Americans (692 White respondents, 594 Black respondents, 624 Hispanic respondents, and 58 Asian respondents). Respondents were interviewed online in English and Spanish. J.P. Morgan Wealth Management was not identified as the survey sponsor.
Editorial staff, J.P. Morgan Wealth Management
