Financial Planning Statistics: How Are Americans Doing?
Ben Franklin famously stated: “If you fail to plan, you are planning to fail.”
It seems most Americans are planning to fail. According to Charles Schwab, only 25% of Americans have a written financial plan.
Here’s how Americans compare to the rest of the world with financial planning.
References:
https://www.cfp.net/why-cfp-certification/career-guide/what-is-financial-planning
https://www.danerwealth.com/blog/you-can-benefit-from-financial-planning
https://www.investopedia.com/terms/f/financialplanner.asp
https://www.forbes.com/advisor/personal-finance/americans-are-draining-their-savings/
https://www.statista.com/statistics/246296/savings-rate-in-percent-of-disposable-income-worldwide/
https://worldpopulationreview.com/country-rankings/poverty-rate-by-country
https://www.visualcapitalist.com/ranked-the-best-and-worst-pension-plans-by-country/
https://www.gfmag.com/topics/news/countries-most-addicted-debt
https://www.usnews.com/news/best-countries/rankings/quality-of-life
“If you fail to plan, you are planning to fail.”
The Terrible Track Record of Wall Street Forecasts
We examine the terrible track record of Wall Street forecasts. We explain why it’s impossible to make predictions about the future and discuss the pitfalls of relying on analysts who often have conflicts of interest, suffer from decision fatigue and recency bias, and can't anticipate factors impacting earnings.
Trending
Retirement is often associated with financial security, but this article delves into the less-discussed challenges that retirees may face. Loneliness, low self-esteem, and "grey divorce" can significantly impact mental and emotional well-being in retirement. The article provides valuable tips for coping with these issues and highlights the role of a compassionate financial advisor in holistic retirement planning.
Learn how to leverage equity compensation benefits by understanding the different types of equity and risks involved.
Starts here
