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Consumers protecting assets

Consumers More Focused On Protecting Their Assets and Families

The Observer: December, 2003

John G. McHugh, a long time resident of Brandermill in Midlothian, VA, and CEO/Managing Director of Financial Strategies, Inc., stated: “Consumer investment preferences have changed in a fundamental way that will probably continue after the economy recovers, as indicated in a recent survey provided by John Hancock Financial Services.”

As McHugh points out: “The survey indicates that baby boomers in particular have become more risk-adverse and focused more on protecting their assets and families, with more than two-thirds interested in products that offer more guarantees and fixed rates of return as they approach retirement. And that safer financial products and protection of one's assets and income represent an enduring change--not just a temporary response to a difficult market.”