mom kisses her toddler daughter

Redefining retirement - it’s all of our work.

BlackRock commissioned a nationwide survey of registered voters to understand their perspectives on child savings accounts and the challenges associated with retirement savings. The survey aimed to capture a snapshot of American opinions on financial preparedness for both youth and older adults. See the results.
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Support for child savings accounts

There is significant support for the creation of Child Savings Accounts, a tax-advantaged investment account for every U.S child.

Under the Trump Administration, recently passed legislation creates tax-advantaged investment accounts in every U.S. child’s name at birth. Child Savings Accounts are started with $1,000 from the government, with opportunity for additional contributions from parents and employers, and are invested in the stock market. The child can access the money for certain uses when they turn 18.

Increase66%
of registered U.S. voters support child savings accounts

U.S. voters feel the best use of these funds once the child turns 18 would be:

Trade school or vocational training:31%, Four-year traditional college education: 25% Save it for retirement: 12% Making a downpayment on a home: 9% Up to the person/depends on the person: 9% Starting a business: 3% For educational purposes – unspecified: 3% Buying a car: 2%

Retirement savings

U.S. voters continue to struggle to save for retirement and emergencies, across demographics and regions. 33% of U.S. registered voters have no retirement savings. Including:

50%
of households that make less than $60K a year
56%
of households that make $60-100K a year
53%
of households that make $100-200K a year
45%
of households that make over 200K a year

68% of U.S. registered voters have less than $150,000 saved for retirement. Including:

59%
of 45–64-year-olds
54%
of voters who are 65+