Earlier this week, Fidelity released a study that looked at the investment strategies of  higher education employees.  Fidelity took 600 participants across three generations, Boomers, X’s and Y’s, and examined the differences in retirement strategies.

Conventional wisdom tells us that since the people in this survey have a background in higher education, they should know more about investing than an average Joe.  But what Fidelity found was quite interesting: More than half of those surveyed admitted that they were on a beginner’s level when it came to understanding their investments.  And 63% were worried they would never be able to retire.  Another interesting find in the study is that the young investors who have time to take on extra risk with their investments, are on the same conservative plans that boomers who are nearing the end of their working years are on.  So it seems that these folks are on par with everyone else when it comes to retirement planning – Not nearly close enough to being secure.

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