A recent survey by Fidelity found that saving for retirement is the overwhelming top use of stock plan assets among the US employees surveyed. Here’s the breakdown:
Intended Use of Stock Plan Assets | Percentage of Surveyed US Stock Plan Participants |
Reinvestment in retirement-savings account | 41% |
Payment of bills or debt | 14% |
Investment in stocks or mutual funds | 13% |
Emergency fund | 9% |
College funding | 6% |
Home purchase | 6% |
Home improvements | 5% |
Special events | 3% |
Other uses | 5% |