Survey Results: Savvy
Your financial personality is: Savvy
You're financially sophisticated, confident, and you pride yourself on having prepared well for retirement. You may already be retired and living comfortably, with a high level of investable assets and a low level of debt. Your portfolio is large and diverse, and because you're confident your portfolio will last throughout your lifetime, you feel comfortable taking risks. You understand the benefits of working with a financial professional.
Videos of the five financial personalities
The Allianz Reclaiming the Future Study identified five distinct financial "personalities." These personalities emerged as the respondents' demographic data were analyzed and correlated with their responses about economic resilience, concerns, attitudes, and financial needs.
The "overwhelmed" personality comprised the largest segment (32%) of our respondents. Demographically, this financial personality tends to have the lowest income and education levels. One-third of the respondents in this segment have been affected by job loss, either personally or indirectly.
The "iconic" personality encompassed 20% of our respondents. This financial personality tends to be over 60, may be retired already, and is likely receiving a pension.
We classified 27% of our respondents as "resilient." People with this financial personality tend to be in their mid-50s, are still working full-time, and have moderate income and asset accumulation.
The "distracted" personality describes 7% of our respondents. This group is the youngest, with most of the respondents in their late 40s or early 50s. The distracted personality also has the highest income, and tends to live in more expensive homes in metropolitan areas.