Retiree investor optimism has rebounded for the first time in nearly two years, according to a Wells Fargo/Gallup poll.
At the end of February, 41 percent of retired investors were optimistic compared to 6 percent three months earlier.
“It is both interesting and encouraging to see that retirees are more optimistic,” said Joe Ready, director of Wells Fargo Institutional Retirement and Trust. “Dating back to May of 2012, retirees have responded to this poll every quarter with much more pessimism about their situation than have the non-retired — this is a real shift.”
He attributed the brighter outlook to the stronger stock market and the prospect of higher interest rates.
Market gains improved the retirement confidence of 36 percent of all investors about their current assets, according to the survey.
However, The recent recession still worries investors, according to the poll. Sixty-two percent of respondents said the recent bull market has not eased their fears of sustaining heavy losses in a repeat of the downturn.