Transcript www.lfg.com
The MOOD of America: Measuring Optimism, Outlook and Direction Presented by Lincoln Financial Group ©2011 Lincoln National Corporation 201111-2061288 Executive Summary • Despite the current economic turmoil, Americans remain optimistic • Two-thirds of Americans are in control of their lives – Being in control contributes to a positive outlook and lower stress – Americans feel more control over their personal lives and health than their financial futures • Financial freedom and control are more important than wealth 201111-2061288 2 Executive Summary • The MOOD of America survey identified some key behaviors associated with feeling in control: Cultivating Personal Relationships Making “Me-Time” Prioritizing Family Time Taking Care of Yourself Physically Being Engaged in the Community Taking Concrete Steps to Enhance Your Financial Security 201111-2061288 3 The MOOD of America survey found that Americans are optimistic, resilient and in control 201111-2061288 Americans are Optimistic about Their Futures Somewhat Very Women are especially positive: 76% of women are optimistic, compared with 67% of men. 201111-2061288 5 Americans Believe They Can Always Solve Their Problems Strongly agree Somewhat agree 201111-2061288 6 Financial Control and Freedom are Much More Important than Wealth % Very Important Being in control of your financial situation Having enough money to do what you want to do Being wealthy 201111-2061288 7 However, Americans Feel More in Control Over Life/Health than Over Financial Security % Very much in control 201111-2061288 8 Feeling in control of one’s life has a positive impact on future outlook and stress levels 201111-2061288 2 out of 3 Americans are in Control of Their Lives Personal Life 66% IN CONTROL* Health Finances * These are individuals who feel very much or somewhat in control of their life in general, personal/family life, health and financial futures. 201111-2061288 10 Being in Control Contributes to a Positive Outlook Very optimistic Somewhat optimistic 201111-2061288 11 Americans in Control are also More Optimistic about Their Financial Futures Very optimistic Somewhat optimistic 201111-2061288 12 Americans in Control Report Lower Levels of Stress % A lot of stress 201111-2061288 13 The survey uncovered some key behaviors that are associated with feeling in control 201111-2061288 14 Cultivating Personal Relationships Regularly spend time with family (+7%) Currently in love (+9%) Regularly make time for friends (+9%) Use Facebook to stay in touch (+10%) 201111-2061288 15 Prioritizing Family Time Regularly have family dinners at home (+9%) Have children living at home (+7%) Regularly help kids with homework (+8%) 201111-2061288 16 Being Engaged in the Community Volunteer or donate to charity (+11%) Will ‘definitely’ vote in next election (+7%) Actively support a political candidate or issue (+7%) 201111-2061288 17 Making “Me-Time” Take time out of your day to be alone and think (+7%) Spend time on a hobby (+9%) Have enough time to do the things you want to do (+19%) 201111-2061288 18 Taking Care of Yourself Physically Exercise (+6%) Take long walks (+12%) Regularly go for a dental checkup (+17%) 201111-2061288 19 Taking Concrete Steps to Enhance Your Financial Security Regularly stay within budget (+6%) Regularly put money away for retirement (+28%) “I save some money from every paycheck, even if it isn't a lot” (+19%) % Agree Completely 201111-2061288 20 Owning Financial Products Have life insurance (+16%) Own a retirement account such as 401(k) or IRA (+12%) Own financial products other than a retirement, checking or savings account (+13%) 201111-2061288 21 Demographically, those in control are strikingly similar to those not in control 201111-2061288 Demographic Profile Total In Control Not In Control Gender Total In Control Not In Control Married/domestic partnership/living with someone 69% 70% 68% Single 15% 15% 16% Widowed 8% 8% 8% Divorced 8% 8% 8% 41% 43% 36% Heterosexual 93% 93% 92% LGBT 2% 1% 3% Prefer not to answer/Don’t know 5% 6% 5% Marital Status Male 49% 49% 50% Female 51% 51% 50% Age 18 – 44 years old 47% 48% 44% 45 – 64 years old 35% 34% 36% 65 years or older 17% 16% 19% Don’t know/refused 1% 1% 0% Region Northeast 19% 19% 19% Midwest 23% 23% 23% South 36% 35% 37% West 22% 23% 20% Children living at home Sexual Orientation 201111-2061288 23 Demographic Profile Total In Control Not In Control Education High/technical school 27% 23% 34% Some college 27% 25% 29% College graduate or higher 46% 51% 36% Don’t know/refused 1% 1% 1% Employment Employed full/part time 64% 66% 60% Retired 19% 19% 20% Unemployed/ temporarily laid off 8% 5% 11% Other 9% 10% 9% Don’t know/refused 1% 1% 0% Total In Control Not In Control 14% 15% 12% White/Caucasian 71% 69% 73% Black/African American 11% 13% 8% Asian 4% 4% 5% Other 13% 12% 13% Hispanic/Latino ethnicity Race 201111-2061288 24 Financial Profile Total In Control Not In Control Less than $50,000 39% 34% 49% $50,000 to $100,000 39% 40% 36% $100,000 or more 22% 26% 15% Have enough money to do what you want to do 51% 61% 31% Have enough money to live on when you retire 46% 54% 30% Household Income Financial Situation 201111-2061288 25 Methodology The MOOD (Measuring Optimism, Outlook and Direction) of America survey results are based on telephone interviews conducted by Whitman Insight Strategies on behalf of Lincoln Financial Group. Interviews were conducted on November 4-8, 2011, among 803 adults 18 years of age and older across the United States. The margin of error for total sample is ±3.5% at the 95% confidence interval, and is somewhat higher for subgroups. Respondents were contacted by phone via a live operator; their telephone numbers were selected using random-digit-dial methods. The sample was weighted by age, Hispanic ethnicity, race. Demographic weighting targets are based on the 2010 U.S. Census figures for adults 18 years of age and older. 201111-2061288 26