Retirement Mindset Matters

Retirement Mindset Matters

Leveraging data from the Retirement Survey & Insights Report 2023, and in collaboration with behavioral economists, Syntoniq, this supplemental report looks to uncover the behavioral factors that can influence individuals’ long-term savings tendencies.
Key Takeaways
1
Overoptimism is the tendency to overestimate the probability of positive events.
2
Future Orientation is the extent to which one takes the future into account when making decisions.
3
Risk vs. Reward Orientation refers to the eager pursuit of financial goals that are focused on either protection (risk) or achievement (reward).
4
Financial Literacy is the level of fluency and understanding one has of basic financial concepts.