NY AXAEquitable Survy

BC-NY-AXAEquitable-Survy

To: BUSINESS EDITORS

Contact: Matthew Klein, +1-212-314-2919, matthew.klein@axa-equitable.com

NEW YORK, Feb. 25 /PRNewswire-FirstCall/ -- AXA Equitable Life Insurance

Company released today results from a new survey that polled consumers and

economists on numerous topics, including predictions for the economy and how

recent market volatility has affected retirement planning.

Results show conflicting views toward the prospect of economic recovery.

In fact, nearly 1 in 4 consumers (24%), believe the economy will continue to

be volatile with no clear pattern of improvement - double the percentage of

economists (12%), who were asked the same question. Even more unsettling, 16

percent of economists and 11 percent of consumers believe that despite signs

of recovery, we are likely headed back into a recession.

The latest survey highlights consumers' reluctance to engage in the stock

market - just fewer than two in 10 of those polled (19%) are confident in

their ability to invest in equities, yet 60% believe equities are necessary to

achieve retirement goals. Even more economists (69%) think investing in

equities is important to retirement planning but a staggering 80 percent of

them believe Americans are uncertain in their ability to purchase equities.

"It's no mystery that the recent market downturn has shattered consumer

confidence in investing in equities," said Christopher M. "Kip" Condron,

chairman and chief executive officer of AXA Equitable. "This apprehension,

combined with a movement to more conservative investments, could place

significant pressure on Americans' retirement plans in the near future."

Responses to recent market volatility further highlight differences

between consumers' actions and economists' estimations:

-- 85% of consumers believe financial products that protect principal of

investments and provide income that increases with inflation are

important, as opposed to 67% of economists believing that they are

important;

-- Economists estimate that 25% of consumers are supporting relatives due

to the market downturn while only 16% of consumers have begun to do

so;

-- And while 24 percent of economists believe consumers have switched

advisors, in fact, only 11 percent of consumers stopped using or

switched financial professionals.

Overall, consumers are much more pessimistic compared to economists in

their outlook on specific economic indicators over the next year:

-- More than 8 in 10 of consumers (83%) believe health care costs will

rise, compared to 52 percent of economists;

-- Nearly 3 in 4 consumers (73%) believe taxes will rise, compared to 55

percent of economists; and

-- 34 percent of consumers believe the unemployment rate will rise, as

opposed to only 6 percent of economists.

"The fact that historically middle-of-the-pack concerns, such as fear of

inflation and investments losing value, are now top of mind for consumers

suggests that they are increasingly aware about their retirement planning,"

said Mr. Condron. "And the large gaps between Americans and economists on

specific financial indicators shows there is a disconnect between how the

spending public feels and those that study the behavior of the economy."

Additional findings include:

New Top Financial Concerns

-- Having inadequate sources of guaranteed income remains the top

concern, with 85 percent of consumers surveyed saying they are worried

about it;

-- Inflation and protecting principal join guaranteed income as top

financial concerns;

-- 84 percent of those polled worry, respectively, about investments

losing principal and inflation.

Golden Years Just Got A Little Shorter For Americans

Recent market volatility has forced many to adjust retirement plans and

expectations:

-- More than four in 10 polled (42%) plan to delay retirement, on

average, by six years. Their planned retirement age is now 68,

ballooning from a previously planned age of 62;

-- Almost three in 10 Americans (27%) plan to go back to work after

retiring;

-- Approximately two in 10 retirees (17%) have already gone back to work,

up from 9 percent of those polled in February 2009.

Advised Are More Confident And Did Better During Market Volatility That

Non-Advised

Those with a financial professional are more likely than those without to:

-- Feel investing in equities is important (67% with financial

professionals vs. 54% without);

-- Be at least somewhat confident about their ability to invest in

equities (56% vs. 44%); and

-- Have recouped at least some losses in the market (69% vs. 60%).

"Consumers are not abandoning their advisor relationships," said Andrew

McMahon, senior executive vice president for AXA Equitable and president of

its financial protection and wealth management business. "In fact, advisory

relationships are even more important to help bolster consumer confidence in

being able to invest in equities wisely."

About the Study

The study, Retirement in America: A Survey of Concerns and Expectations,

is part of AXA Equitable's ongoing commitment to understanding the financial

concerns of consumers and how market volatility has impacted their retirement

planning. New to the survey this year are questions gauging the public's

response to recent economic events and how that compares to predictions from

macroeconomists. The study polled 1,000 Americans between the ages of 25 and

70. The survey was conducted in December 2009, and respondents included

financial decision-makers with household income of at least $75,000 or

investable assets between $250,000 and $999,999.

Margin of error for the research is +/- 3 percent, at a 95 percent

confidence level. Where necessary, results are weighted to represent overall

characteristics of the mass affluent American public. In some cases,

comparisons are made to similar studies conducted in February 2009, October

2008 and April 2008.

Additionally, 101 working economists that focus on macro economics, and

who feel comfortable making economic forecasts, were polled by a third-party

independent research firm in December 2009 and January 2010.

Margin of error for the research is +/-10 percentage points at a 95

percent confidence level.

About AXA Equitable

In business since 1859, AXA Equitable Life Insurance Company (NY, NY) is a

leading financial protection company and one of the nation's premier providers

of life insurance and annuity products, as well as investment products and

services through its affiliates, including, AXA Advisors, LLC. The company's

products and services are distributed to individuals and business owners

through its retail distribution channel, AXA Advisors and to the financial

services market through its wholesale distribution channel, AXA Distributors,

LLC.

AXA Equitable, a subsidiary of AXA Financial Inc., is part of the global

AXA Group, a worldwide leader in financial protection strategies and wealth

management. "AXA Group" refers to AXA, a French holding company for an

international group of insurance and financial services companies

together with its direct and indirect consolidated subsidiaries. For more

information, visit http://www.axa-equitable.com.

GE 54066(2/10)

SOURCE AXA Equitable Life Insurance Company

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