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Survey: Investors and Noninvestors React Differently to Bailout
Tweet Share on Facebook October 2, 2008 Comment (1)You might think that investors who have spent the past year watching their 401(k)'s hemorrhage would be pessimistic about the economy. But a new series of surveys found that investors are actually more optimistic about the economy than those without any cash in the market.
Here's how investors and noninvestors stacked up on a few questions.
Investors Noninvestors Believe economy is in a recession 55 percent 72 percent Believe economy is in a depression 19 percent 30 percent Believe economy will get better 46 percent 32 percent Support a sweeping bailout 51 percent 43 percent Support Fannie and Freddie bailout 52 percent 46 percent Support AIG bailout 45 percent 37 percent Source: Zogby International, 2008
Note: According to two surveys of over 2,000 likely voters each on September 26-27 and September 19-20
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Using Your Nest Egg to Start a Small Business
Tweet Share on Facebook October 1, 2008 Comment (5)As access to loans becomes scarce, some middle-aged entrepreneurs are betting their retirement funds on small-business ventures.
About 16 percent of small-business owners have taken premature withdrawals or borrowed from their retirement accounts, according to a recent online survey of 512 small-business owners by Harris Interactive and ING Direct. "Raiding your retirement should always be a last resort," says Stuart Robertson, general manager of ShareBuilder 401k, a subsidiary of ING Direct. "But, given the tough access to cash and credit ... some small-business owners have made that difficult choice."
