The S&P 500 index peaked above 1,500 in October 2007 but then fell to a closing low of 676.53 in March 2009. It has risen significantly since then, closing above 1,200 in December 2010 and is now back above 1,400.
Broken down by education and income, adults holding a high school diploma or less were less likely to express confidence in their retirement finances than college graduates, 53 percent vs. 71 percent. Those with family incomes of less than $50,000 also were less confident compared to those making $100,000 or more, 51 percent vs. 79 percent.
The Pew study is based on interviews with 2,508 adults by cell phone or landline from July 16 to 26, as well as an analysis of the Survey of Consumer Finances, which is sponsored by the Federal Reserve. The Pew poll has a margin of error of plus or minus 2.8 percentage points, larger for subgroups. The AP-LifeGoesStrong.com poll was conducted Oct. 5-12, 2011, by Knowledge Networks of Palo Alto, Calif.
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AP Deputy Director of Polling Jennifer Agiesta contributed to this report.
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Online:
Link to Pew report: http://tinyurl.com/96295h5
AP-LifeGoesStrong.com poll from 2011: http://tinyurl.com/8v8qrwh
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