Almost 60% of high income investors were concerned over the financial situation of their children and grandchildren, while only 32% said they had concern about financing the education of their children, according to the Spectrem study.
The report looked at investors in several categories of annual income, from under US$100,000 to US$750,000 and above. In most cases, concern dropped as annual income increased.
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For instance, while the total percentage of respondents concerned about maintaining their current financial position was 65%, it was 71% for those with income of less than US$100,000.
That number dropped to 32% among investors with income of between US$500,000 and US$750,000.
Fifty-two percent of investors with income of US$750,000 and more reported concern over maintaining their current financial position.
While the age of respondents may play a part in terms of concern over the financial situation of children and grandchildren, 59% reported such concern, and that number increased to 61% among those with less than US$100,000 in annual income.
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By GlobalDataOnly 46% of those with income of US$750,000 or more reported concern over the financial situation of their children and grandchildren.
Losing a job, or having a spouse lose a job, was a concern of 36%of respondents, and among those with income of less than US$100,000, the percentage rose to 40. Only 23% of those with US$750,000 or more in income reported concern over losing a job.
But the US$750,000 or more segment was more concerned than most over the business revenues of a company they owned. While 35% of the total group reported that concern, 41% said they had worries over business revenues, and 43% of the US$500,000 to US$750,000 segment reported that concern.
Only 32% of the total research group said they had concern over financing the education of their children. Only 8% of the US$500,000 to US$750,000 segment reported that concern.
Finally, posterity takes a back seat to other concerns. Only 26% of the total research group said they were concerned about having money to leave to posterity, and that number dropped to 21% among investors with income of US$500,000 to US$750,000.
