Today marks the start of the 3rd fiscal quarter. Univest’s Senior Vice President of Investments, Bill Van Sant says, consumers are building confidence. He says, there’s more willingness to invest in the free market, but not a lot of options elsewhere.
“With people retiring and living 25 to 30 years after retirement, they realize there’s longevity risk and how will their assets grow to meet their rising costs and the number of years they’re having in retirement.
Van Sant says, for the economic recovery to really get moving there need to be more jobs added.