Mass affluent more positive about finances

11/14/2012 | Financial Advisor online

Confidence about finances is rising among the mass affluent compared to six months ago, according to the Bank of America Fall 2012 Merrill Edge Report. Nearly three quarters surveyed are still worried their retirement assets will not last through their lifetime -- a drop from 83% half a year ago. "This improvement is not just indicative of a changing mindset -- we're seeing our clients take action," says Dean Athanasia, president of preferred and small business banking at Bank of America.

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